Mexico: What to expect from AMLO

Interview with Ernesto Revilla, head of Citi’s Latin American economic research team in New York “Andrés Manuel López Obrador’s victory will be a watershed in modern Mexican history,” said Ernesto Revilla, head of Citi’s Latin American economic research team in New York. The 25-point difference in recent polls guarantees an undisputed win for the Movement for National Regeneration, MORENA, candidate, and an ample majority for his party in congress. “The election breaks three decades governed by political parties PRI and PAN”. The period was characterized by policies that were similar in design, staying close to economic orthodoxy. The new president, he said, has stated his interest in expanding social expenditure and have state enterprises participate much more in supporting economic development. […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]