AMLO’s Big Fiscal Push Could Help Morena
A 25% increase in social program spending during the 2024 electoral year raises eyebrows in Mexico.
If you thought Andrés Manuel López Obrador’s popularity was on the verge of decline, it’s worth revisiting your expectations. With the president already in his last year in power, it would be reasonable to expect a deterioration of his approval rating, especially considering his contentious relationship with different sectors of corporate Mexico, a poor track record on the economy—with 0.9% annual growth on average, despite still robust public finances—and the dubious effectiveness of the fight against organized crime. But AMLO’s tenure may find new life in the months ahead....
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