The upcoming United States presidential election on November 5 will have a significant impact on the global economy, especially in comparison to other electoral processes such as in Mexico. Different visions for the world’s most important economy and main trading partner are at stake in the election, with potential consequences for global trade and geopolitical conflicts. The market is closely watching the outcome of the US election, as it could bring uncertainty and change to economic policies.
In contrast, the Latin American elections are less of a focus for the markets this time around. Ernesto Revilla, chief economist for Latin America at Citigroup, emphasized the importance of the US election in determining economic policies and trade relationships. There are significant unknowns surrounding how the US economy will be managed based on the outcome of the election and the potential repercussions for countries like Mexico.
Regarding the Mexican elections, Revilla noted that there is a sense of uncertainty around the outcome, but current market expectations lean towards a potential victory for presidential candidate Claudia Sheinbaum. The market anticipates that if Sheinbaum wins, there will likely be continuity in economic policies. While the Mexican elections are not generating as much concern as the US election, they are still being closely monitored for potential impacts on the country’s economy.
Overall, the US presidential election holds significant consequences for the global economy, particularly in terms of trade relationships and economic policies. The outcome of the election will have far-reaching implications beyond the borders of the United States, making it a key event to watch in the coming months.