Mexico’s national statistics institute (Inegi) on 30 April released its latest economic data for the first quarter of 2021. The figures adjusted by seasonality show that GDP grew 0.4% in real terms in the first quarter compared to the previous quarter. This was the third consecutive quarter with quarter-on-quarter positive growth, following rates of 12.4% and 3.3% in the third and fourth quarters of 2020 respectively, which resulted from the reopening of the economy following the suspension of non-essential activities imposed to limit the spread of the coronavirus (Covid-19). These figures suggest a modest recovery of the country’s economy after it recorded an unprecedented contraction of 8.5% in 2020. End of preview - This article contains approximately 1228 words.
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