Piie iconPiieSep 28, 2026

After two years, where is Mexico heading under President Sheinbaum?

President Claudia Sheinbaum of Mexico is about to complete the first two years of her six-year term. She has just sent her third budget to Congress, and midterm elections are a year away.

After two years, where is Mexico heading under President Sheinbaum?

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President Claudia Sheinbaum of Mexico is about to complete the first two years of her six-year term.

She has just sent her third budget to Congress, and midterm elections are a year away.

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President Claudia Sheinbaum of Mexico is about to complete the first two years of her six-year term. She has just sent her third budget to Congress, and midterm elections are a year away. The economy has preserved macroeconomic stability while growing very little, the labor share of income has continued to improve,1 and there has been an intentional weakening of key institutions.

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  • Although economic fundamentals are slowly deteriorating, there are no red flags on the horizon.

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With an eye on her party's reelection prospects in 2030 and not facing…

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