Mexican government prepares post-US election economic plan

Officials in Mexico are reportedly planning an economic strategy following the aftermath of the United States presidential election on 8 November 2016. As mentioned by El Diario de Juarez on 3 November 2016, Central Bank (Banxico) Governor Agustín Carstens claimed a contingency plan was being formulated, regardless who will be Obama's successor. Carstens previously claimed a Donald Trump win would be akin to a “hurricane” battering Mexico, while a win for Hillary Clinton would be less damaging. Nevertheless, he warned the economy would still face a period of volatility in the post-election period.

In addition, Milenio reported Carstens also expressed optimism over the continuing recovery of the economy in the U.S., Mexico’s main trade and economic partner. He also said Banxico is most concerned over an inflation hike should the U.S. Federal Reserve raise interest rates soon.

Economy Secretary Ildefonso Guajardo attempted to downplay Carstens’ worries over Mexico’s financial state following 8 November. According to El Informador on 3 November 2016, Guajardo claimed Mexico doesn't need to feel anxious about the results of the U.S. presidential election. Regardless of who wins, he said it’s vital to ensure strong bilateral trade relations. Guajardo cited during a meeting of the Swiss Chamber of Commerce in Mexico how market and adjustments following the Brexit vote serve as an example of not making overly wild predictions.