The results of Mexico’s elections on Sunday jolted investors and sent shockwaves through company boardrooms.
Ruling party candidate Claudia Sheinbaum not only won a landslide victory but her Morena party and its allies look set to secure the two-thirds majority they need to push through contested constitutional changes, perhaps before Sheinbaum is sworn in on October 1.
The reforms are the brainchild of Sheinbaum’s predecessor and mentor, President Andrés Manuel López Obrador, who has maintained high levels of popularity through a mixture of policies and personality and hopes they will secure his legacy.
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