Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Mexico president's rating at one-year high with election in sight: poll

Published 2020-11-22, 05:06 p/m
Updated 2020-11-22, 05:12 p/m
© Reuters. Mexico's President Andres Manuel Lopez Obrador looks on during a news conference at the National Palace in Mexico City

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador's approval rating has risen to its highest level in a year with barely six months to go before legislative elections, an opinion poll showed on Sunday.

The face-to-face survey of 1,000 Mexicans between Nov. 12-18 by polling firm Buendia & Laredo showed Lopez Obrador had the support of 64%, bolstered by his social spending programs. Just 25% disapproved of him, according to the poll.

The rating was up from the 59% he scored in the pollster's prior August telephone survey, reaching the highest level since November 2019 - well before the onset of the coronavirus pandemic, which has killed over 100,000 people in Mexico.

Lopez Obrador is gearing up for mid-term elections due on June 6, 2021, which will determine whether he can retain control of the lower house of Congress.

Failure to hold the lower house could do significant damage to his efforts to roll back the last government's liberalization of the energy market. He argues that has been a rip-off for taxpayers, sparking conflict with foreign investors in Mexico.

Easily the most popular of the president's policies cited by respondents were welfare spending schemes which target the elderly, students and poorer rural areas, the survey showed.

"The social programs are his anchor," said Jorge Buendia, head of the polling firm.

Lopez Obrador's popularity stands in defiance of his overall record on the economy and security, where he has fallen short of the goals he set himself upon taking office two years ago.

Mexico's economy slipped into recession months before the pandemic even began, while murders hit record levels last year. This year they are on track to hit another record.

© Reuters. Mexico's President Andres Manuel Lopez Obrador looks on during a news conference at the National Palace in Mexico City

While Mexicans still support his handling of the pandemic, they are becoming more skeptical about it, the poll showed.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.