First thoughts on the Mexican election results

The dust has yet to settle on the Mexican general election and so it is probably too soon to draw any firm conclusions as to what the outcome will mean for policymaking. That said, the early signs from president-elect, Enrique Peña Nieto, and his PRI party suggest that economic reforms may fall short of initial (admittedly quite high) expectations. If that is the case, we suspect that the authorities will struggle to raise GDP growth to much above 3.5% over the medium-term.