Mexico is currently a darling of international investors, at the expense of Brazil

"Lopez Obrador “is ‘less bad’ than investors had expected, and the Bolsonaro administration has been ‘less good’ than investors had expected,” said Marshall Stocker of Eaton Vance in Boston.

RIO DE JANEIRO, BRAZIL - When a left-wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money.

But more than two years and a costly pandemic later, disillusioned investors are now busy shifting from a Brazil that once promised compelling reforms and privatizations, into a Mexico expected to benefit from a U.S. economic rebound.

Investor worries that Mexican President Andrés Manuel López Obrador would overspend to appease the base that handed him a landslide victory in 2018 have . . .

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