World Bank says Trump would be devastating for Mexico's economy

The World Bank warns that if Trump were to be sworn in as President of the United States, the effects on Mexico's economy would be devastating.

“If the US were to pull out of NAFTA, Mexico's economy would be hit very hard,” warned the World Bank's Chief Economist for Latin American, Augusto de la Torre.

De la Torre believes that the World Bank and the International Monetary Fund should speak up in support of open markets and free trade.

According to de la Torre, free trade agreements in Mexico and other countries in Latin America have greatly contributed to reducing their poverty rates.

“Thanks in part to free trade agreements such as NAFTA, Mexico has made huge gains in diversifying its export industry,” said de la Torre.