What We're Watching
Amid violence and polarization, Mexico prepares to elect first female leader
Claudia Sheinbaum
Carlos Tischler/Reuters
Mexicans go to the polls Sunday in a landmark election that will install the country’s first female president.
The front-runner, by some 20 points, is Claudia Sheinbaum, a trained physicist and former mayor of Mexico City, who is the candidate of popular incumbent President Andrés Manuel Lopez Obrador’s newish left-wing Morena party. Her main opponent is former Senator Xochitl Gálvez, representing an oddball coalition of centrist and center-right establishment parties that used to be rivals.
Voters are choosing between the two women against a backdrop of rising cartel violence, which AMLO’s “hugs not bullets” crime policy has failed to tamp down (dozens of candidates have been murdered ahead of local elections), as well as deepening political and social polarization.
López Obrador’s folksy style, hefty social spending, and personal frugality have earned him immense popularity, especially among Mexico’s working class and rural population. He is expected to loom large over his successor in any scenario. But in his crusade against the establishment and monied elites, he has also centralized political power in ways that have raised alarm among democracy advocates.
What to watch: Sheinbaum looks set to win the top job, and Morena is well positioned in down-ticket races to cement its role as the defining force in Mexican politics. Analysts say that the only question is whether Morena will win all of the key governor races or merely most of them.
Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
Think you know what's going on around the world? Here's your chance to prove it.
A Democrat won Miami’s mayoral race for the first time in nearly 30 years. The Republican defeat will ring some alarms for the party – and their support among Latino voters.
50: Mexico’s President Claudia Sheinbaum is taking a page out of US President Donald Trump’s book, implementing up to a 50% tariff on more than 1,400 products in a bid to boost domestic production.