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The presidential candidates’ campaigns kick off in Mexico

Ignacio Teson•Friday, March 1, 2024•2 min read

The campaign for the June presidential elections in Mexico began this Friday with the ruling party’s candidate leading by a wide margin in the polls.

The campaign for the June presidential elections in Mexico started this Friday with the ruling party’s candidate leading by a wide margin in the polls, in a contest that will most likely result in the country’s first female president.

Claudia Sheinbaum, former Chief of Government of Mexico City, who is running for a coalition led by the ruling National Regeneration Movement (Morena), maintains a lead of more than 20 percentage points over Xóchitl Gálvez, the candidate of an opposition party alliance, according to the majority of polls.

If elected, Sheinbaum, a 61-year-old scientist and close ally of the current leader Andrés Manuel López Obrador, has committed to continuing his legacy by focusing on maintaining fiscal discipline and strengthening social programs, which have given unprecedented popularity to the outgoing president, AMLO.

Furthermore, she has stated that she will seek to deepen nearshoring – the relocation of production centers – based on the natural resources available in each region, as well as combat the root causes of insecurity.

While violence did not grow during the last administration to levels seen in previous governments, Mexico still remains one of the most violent countries in America, with over 170,000 intentional homicides in the last five years.

On June 2nd, the bicameral Congress, eight governorships, the head of the Government of Mexico City, as well as thousands of other local positions, will also be renewed.

Gálvez, a 61-year-old former senator and successful businesswoman, has not been able to create a convincing narrative that can attract the majority of voters, although she has appealed to her humble origins.

If elected, she has stated that she will seek to unite the country, which she claims is divided by the president’s discourse, combat violence, and address migration issues.

The opposition has tried to gain supporters by arguing against López Obrador’s economic mismanagement, marked by sluggish GDP growth, partly due to the repercussions of the coronavirus pandemic.

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ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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