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Significance Sheinbaum looks set to continue the economic policies of departing President Andres Manuel Lopez Obrador (AMLO). The electoral triumph has made feasible a constitutional overhaul championed by AMLO, causing market jitters. Impacts Foreign investors will probably adopt a wait-and-see attitude until Sheinbaum’s agenda and priorities become clear. Sheinbaum will be torn between boosting oil production and refining, like AMLO, and pushing a green transition -- one of her stated goals. Further peso depreciations will occur if, as looks likely, AMLO maintains his plans to overhaul the constitution and Supreme Court.
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