“Mexico will need to bolster its financial system in order to underpin all the investment that needs to be done for more direct nearshoring – to expand the productive capacity,” says Francisco Campos, Deutsche Bank’s chief Mexico economist, who adds that he expects Spanish banks and other international financial institutions active in Mexico to add balance sheet to local businesses.
Campos is speaking from personal experience. In July this year he was hired to head up the German bank’s economics coverage in the country following Deustche’s decision to re-enter Mexico.
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