Back

LatinNews Daily - 01 August 2019

In brief: Mexico just avoids technical recession

* Mexico’s national statistics institute (Inegi) has released preliminary second quarter GDP growth figures. In seasonally adjusted terms, GDP increased by 0.1% quarter-on-quarter. The result means that the Mexican economy has narrowly avoided falling into recession after posting negative growth in the first quarter. The breakdown of the Inegi data shows that activity in the primary sector has fallen by -3.4%, and the tertiary sector has grown 0.2%, while the secondary sector stayed the same. In comparison with the second quarter of 2018, the GDP grew 0.4% this quarter, with the primary sector growing 1.7% and the tertiary sector growing 1.0%, but the secondary sector falling -1.6%. Altogether, the first half of 2019 has seen 0.3% growth compared to the same period in 2018.

End of preview - This article contains approximately 131 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.