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Mexico & Nafta - July 2019

Introduction
The July Regional Report: Mexico & Nafta covers political and security issues, as well as an overview on Mexico’s general economic environment at the half-way point of the year...
Migration
A photograph of the drowned bodies of Oscar Alberto Martínez and his nearly-two-year-old daughter Valeria, floating head down in the Rio Bravo, which marks the Mexico-US frontier (also known as the Rio Grande), has once more highlighted the migration crisis in the Americas...
Economy
After six months in office, President Andrés Manuel López Obrador has successfully channelled many Mexicans’ hopes for more jobs and economic improvement; he remains remarkably popular...
Strategy
In June, Mexico’s short-term economic outlook was like a yo-yo...
Business
The Consejo Coordinador Empresarial (CCE), one of Mexico’s main private-sector lobby groups, has signalled a more collaborative approach to the López Obrador government with a promise to boost investment levels...
There is a time lag on any investment decision...
Security
On 4 June, Norberto Ronquillo, a 22-year old marketing student at Mexico City’s (CDMX) Pedregal university, was kidnapped after leaving class...
Highlights
Ratings downgrade: On 6 June, credit ratings agency Fitch downgraded Mexico’s Long-Term Foreign Currency and Local Currency Issuer Default Ratings (IDRs) to ‘BBB’ from ‘BBB+’ while another credit ratings agency, Moody’s Investors Service, lowered its outlook on Mexico’s rating from ‘stable’ to ‘negative’...

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