Mexico market overview
Now just over a year into his six-year term, President Andrés Manuel López Obrador – otherwise known as AMLO – has had a less-than-smooth relationship with Mexico’s business community. His cancellation of the partially completed US$13 billion New International Airport of Mexico City (NAIM) hurt investor confidence, resulting in a fall in the value of the peso. Mexico’s weak economic performance has also done little to disprove business scepticism, with recent figures showing Mexico’s economy stagnated in 2019. Economic growth forecasts for 2020 are cautious. If these predictions prove to be accurate, there is likely to be a relatively low volume of transactional work for Mexican law firms.