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The rating agency Fitch estimated Monday that the virtual triumph of Andrés Manuel López Obrador as president could affect Mexico in because of the uncertainty generated by the future of energy reform .
In a press release, Fitch explained that if uncertainty persists for a long period of time, the repercussions would affect foreign direct investment, economic growth and oil production.
In addition, he explained that, although it is unlikely that the reform of the energy sector is canceled, the election of López Obrador could have an impact on the economy. agenda of structural reforms in an economy with a stable or declining debt.
the rating agency mentioned that there remains the risk that the repeal or substantial reform of the North American Free Trade Agreement (19459003) will hurt trade and investment in Mexico.
The rating agency noted that AMLO's virtual victory, with over 53% of the votes, and a projected advance to Congress "marks a significant political change" and would imply that López Obrador will have " a solid position to control Legislative Agenda ".
However, Fitch stressed that the magnitude of the changes that could be proposed by the virtual elected president and the new Congress is still uncertain.
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