The Trader 

Market Outlook: Decisive presidential election result in Mexico

The Trader

Left-leaning Andres Manuel Lopez Obrador, known more usually as AMLO, is estimated to have gathered 53 per cent of yesterday’s votes, double his nearest rival; the other 3 candidates have accepted defeat.  Jose Antonio Meade, of the Institutional Revolutionary Party (PRI) which has ruled Mexico for nearly 100 years, is thought to have got the fewest votes.  AMLO is no stranger to politics though, having been Mayor of Mexico City from 2000 to 2005 when he stepped down to enter 2006’s presidential election.  He has consistently campaigned on a platform to eradicate corruption, deal with drug gangs, and rebalance Latin America’s most unequal wealth distribution.

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