Mexico's Planned Re-Opening A Gamble For AMLO

• Mexico’s plan to gradually lift lockdown measures across the country carries a great deal of economic and political risk for President Andrés Manuel López Obrador (AMLO).
• While the government appears to believe Mexico’s outbreak is under control, concerns about testing capacity and steady growth in new cases suggest that re-opening too quickly could lead to a spike in new cases and deaths.
• This outcome would likely push back Mexico’s economic recovery, potentially leading to social discontent with AMLO’s administration and clashes with local and state-level leaders.

(Source:  Fitch)