The Business Times
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Why markets like to see new political faces

Amid the confusion of recent elections, here is one factor with real economic impact

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    • Mexico's president-elect Claudia Sheinbaum's victory has raised concerns that her party will double down on its socialist agenda. But what she will do in office remains to be seen.
    • Mexico's president-elect Claudia Sheinbaum's victory has raised concerns that her party will double down on its socialist agenda. But what she will do in office remains to be seen. PHOTO: EPA-EFE

    Ruchir Sharma

    Published Tue, Jun 18, 2024 · 05:00 AM

    IT HAS long been clear that 2024 would be a historic year for democracy, with more than 30 national elections worldwide. But only in the last few days have commentators started to focus on the economic impact of these battles.

    Sharp market reactions to the results in India, Mexico and South Africa have raised some basic questions.

    Do economies perform better under a strong majority government or a broad coalition? Under a party of the left or the right? Under an incumbent leader or a fresh face?

    Stock MarketsPoliticsGeneral elections

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