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LatinNews Daily - 01 August 2018

In brief: Mexico

* Mexico’s national statistics institute (Inegi) has released new preliminary economic growth figures which show that the country’s GDP fell by 0.1% in the second quarter of the year compared with the previous quarter. Although the figures show that, despite the quarter-on-quarter contraction, GDP in the second quarter increased by 2.7% year-on-year, this is the first negative quarter-on-quarter growth registered by Mexico since the third quarter of 2017. This has produced concerns that Mexico’s domestic economy is losing dynamism as result of the continued uncertainty surrounding the future of the North American Free Trade Agreement (Nafta) as well as the uncertainty that surrounded Mexico’s 1 July general election.   

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