Q3 – Shadow of a Doubt

In our cover story this month, we explore prospects for the region’s second-largest economy. Claudia Sheinbaum was elected Mexico’s first woman president in a landslide. But the victory also raised alarm for investors, as her leftist coalition secured a near supermajority in Congress. Will she emerge from the shadow of Andrés Manual López Obrador, her charismatic predecessor and mentor? Or will she press for reforms that could turn away investors? We delve into the economic and financial challenges she faces — and how investors are positioning themselves.