Mexico's new president sworn in, protests ensue-Mexico Institute in the News

Dec 05, 2012
By

USA Today, 12/1/2012

 

PRI lawmakers recently joined their PAN counterparts to approve the first overhaul of Mexican labor laws since 1970, though the PRI refused to include provisions forcing PRI-affiliated unions to open their books to members. "It's the first sign of change and agreement we're observing in Mexico," Peña Nieto said of the labor rules.

The loosening of Mexico's legislative gridlock is but one of the positives awaiting Peña Nieto, who "inherits a very strong economy," says Duncan Wood, president of the Mexico Institute at the Woodrow Wilson International Center for Scholars in Washington.

The Mexican economy is likely to expand by approximately 3.5% in 2012 — outpacing that of Latin American rival Brazil for the second consecutive year — while interest rates, inflation and government debt remain relatively low.

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