The natural disasters that struck Mexico last August and September left more than just material damages and human loss, Newsweek reports.
Mexican economy’s third-quarter gross domestic product decreased 0.3 percent compared with the previous quarter this year, the first contraction in nearly two years, according to a report by the National Institute of Statistics and Geography. The economy grew 1.6 percent in the third quarter this year, whereas the same period in 2016 saw a 1.7-percent growth, Mexican website Expansión reported.
The economy shrank more than previously expected, due to the impact of tempests and earthquakes in Mexico’s territory. “The [GDP] deceleration is largely explained by a temporary and limited impact from the natural disasters that affected the production of oil, as well as services related to education, tourism and entertainment,” the Finance Ministry said in a statement.
more recommended stories
Man threatens a woman with a knife in front of “La Ermita”
According to locals, on Thursday March.
Tourism in Mérida keeps booming prior to Semana Santa
“Yucatan stands out as spearhead in.
Mérida and Athens, Greece about to work together in urban mobility program
Urban Mobility and Citizen Participation in.
Germany returns Mexico two Olmec busts stolen in the 80s
After at least 10 years of.
Oxkintok, stone of three suns
“Whoever lives sees, but whoever travels.
Mérida number five municipality in home sales nationwide during 2017
CANCUN, Quintana Roo.- Benito Juárez was.
March 20: Day of the Guayabera in Merida
On March 20, the Guayabera Day.
Conversaciones con Amigos at Merida English Library
“Monday evenings from 7 to 9.
Spider monkey found inside a cage in a Mérida restaurant
Mérida, Yucatán.- The Federal Procurator for.
Strong earthquake below the coast of Guerrero, Mexico – March 20, 2018
Two earthquakes shook Mexico near Pinotepa.