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Weekly Report - 26 November 2020 (WR-20-47)
MEXICO: López Obrador’s grandiose plans lacking substance
President Andrés Manuel López Obrador commemorated the 110th anniversary of the Mexican Revolution on 20 November. López Obrador said the Revolution marked the “third transformation” of Mexico after independence in 1810 and the War of Reform in 1857, before laying claim to spearheading Mexico’s “fourth transformation”. But two years into his sexenio, López Obrador has yet to produce any lasting changes that would secure such an epoch-defining legacy for his government in Mexican history. One front where there has been no transformation is public security, with violent homicides on course to hit a record high in 2020. And, even before Mexico was ravaged by the coronavirus (Covid-19) pandemic, the standout economic transformation delivered by his government so far has been a recession, in spite of GDP growth in the US, for the first time since the Tequila Crisis in 1994.
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