Mexico’s Economy Rebounds in Q3, but GDP Down 8.6% on Year

Mexico’s central bank forecasts the economy will shrink between 8.7% and 9.3% in 2020, its deepest annual contraction since the Great Depression.

RIO DE JANEIRO, BRAZIL - Mexico’s economy bounced back strongly in the third quarter, driven by a strong recovery in secondary activities, but was 8.6% smaller than the same period a year earlier, data released by the national statistics agency showed on Thursday, November 26th.
Gross Domestic Product grew 12.1% between July and September from the previous three-month period, the INEGI statistics agency said, 0.1 percentage point more than provisional numbers had showed.

The quarter-on-quarter increase was the biggest since current records began at the start of the 1980s, and benefited from stimulus spending . . .

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