The optimism about Mexico’s economic prospects from the “nearshoring” of supply chains looks overdone in our view. Sectors where Mexico is already well established, such as autos and some electronics products, stand to benefit. But without major reforms the same obstacles that have held back GDP growth for the past few decades will continue to act as a constraint.
Note: We’ll be discussing the impact of nearshoring on Mexico's economy in a Drop-In briefing on Thursday 25th January. Register here for the 20-minute session.
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