Mexican president warns of potential economic instability following US presidential election

MEXICO CITY - Mexican President Andres Manuel Lopez Obrador warned on Wednesday that the United States could implement economic "adjustment policies" following the November US presidential election, which may impact Mexico.

"Sometimes, when new administrations come in, they carry out adjustment policies, and those adjustment policies do have an impact," the president told reporters at the National Palace in Mexico City.

"When it comes to the economy of the United States, it impacts the world," he said.

With that in mind, Obrador said, his administration, which ends in September, aims to "shield" the Mexican economy and public finances to ensure his successor Claudia Sheinbaum has ample room to maneuver.

While no economic "crisis" or period of instability is currently anticipated for the United States, it would be wise to take a cautious stance, he said.

As Latin America's second-largest economy after Brazil, Mexico is one of the United States' major trading partners. In 2023, Mexico's GDP grew by 3.2 percent.