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Mexico’s constitutional reforms: Amlo’s parting shot?

The swearing in of a new congress next month gives Mexico’s outgoing president, Amlo, a one month window to re-start plans to pass controversial planned constitutional amendments. At the very least, some form of judicial reform seems quite likely which would weaken Mexico’s institutions. While some bad news appears to be priced in, we think there’s still some downside risk for Mexican financial assets.

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