“Before the reform, the GDP growth expectations for Mexico’s economy were around 1.7% this year, even below the mediocre 2% that had been so criticized. If Mexico grows at that rate during a period of nearshoring and in an election year with rampant spending, what can be expected in a year without these economic drivers?”
Valeria Moy, Director of IMCO
Economist Valeria Moy thinks the judicial reform will hinder Mexico’s growth and its ability to take advantage of the nearshoring opportunity.
The 84-year-old billionaire businessman said the government is spending too much on senior pensions while millions still suffer extreme poverty.
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The president said the U.S. made a deal that led to Ismael “El Mayo” Zambada’s kidnapping from Mexico, calling it a “completely illegal” operation.
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