Ever since Andrés Manuel López Obrador (Amlo) assumed the Mexican presidency in December 2018, international investors have been watching for signs that he would adopt populist economic policies.
With no early signs of fiscal looseness, the arguments from some locals who had been pointing to the fiscal orthodoxy that characterized his time as mayor of Mexico City began to ease some jitters.
It convinced few: just wait, many said, for a crisis, and then we’ll see Amlo’s true colours.
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