Mexican economy a mixed bag for new president

Quick Summary:

Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.

The outlook is optimistic, he believes, pointing to Amazon’s recent announcement that it will invest $5bn (£3.8bn) in Mexico over the next 15 years, and an additional $1bn investment by German carmaker Volkswagen.

This was largely in response to a decision by the outgoing president to press ahead with a wholesale reform of the country’s judicial system under which all 7,000 judges and magistrates in Mexico will be chosen by popular vote.

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Article Details

Category: Business

Markets: United KingdomCanadaChinaGreenlandJapanMexicoSouth AfricaUnited States

Topics: Pemex Says López Mexico Years Obrador President Trade Position Mexico’s Sheinbaum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 00:35:53 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1160 words

Reading Time: 7 minutes read

Sentences: 45 lines

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Copyright Owner: © BBC Business

News ID: 23275785

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