Battle cry: Mexico’s president-elect Andrés Manuel López Obrador
“We created Mexico between 2012 and 2014, because Brazil was uninvestable and, as the second largest market in Latin America, investors went to Mexico instead.”
So says Fábio Nazari, head of ECM at BTG Pactual.
He concedes that Mexico helped the relative attraction during this period, by enacting many structural reforms, but his point about investors seeking an alternative market is valid.
Now that trade could unwind quite spectacularly.
Should Brazil enact pensions reform, the country will be the new regional darling.
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