“Poor Mexico, so far from God, so close to the US”

Paris, 26/01/17

 

By 

Manolis Davradakis, 

Senior Economist (Emerging Markets) - AXA IM R&IS

Mexico threatened by more US trade protectionism

 

Despite the impact of the large peso depreciation, Mexico should remain far from levels of unemployment and inflation that commensurate with social unrest, thanks to a very good starting point. Yet, Manolis Davradakis acknowledges the risk of disruptions in the manufacturing supply chain, nurtured by an increase in US trade protectionism.