MEXICO CITY (AP) — Mexico’s estimated gross domestic product in the third quarter of the year was 8.6% below that for the same July to September period the previous year, but showed signs of improvement, the country’s statistical agency said on Friday, October 30th.
Even prior to the coronavirus pandemic, Mexico’s economy was in recession. That only deepened with the economic shutdown provoked by measures aimed at slowing the illness’ spread during the second quarter.
The third quarter performance was considerably better than the April to June period when economic activity shrank 18.7% compared to the same period a year earlier. On Friday, the National Statistics and Geography Institute said GDP had risen 12% compared to that previous quarter.
It was a positive move, but still short of what was lost in the previous three months and the V-shaped recovery promised by President Andrés Manuel López Obrador. The president resisted imposing what he called “authoritarian” measures to confront the pandemic in an effort to lessen the economic fallout.
On the year, the first three quarters of 2020 were 9.8% below the same period in 2019.
Source: Associated Press
more recommended stories
New record of COVID-19 cases for Mexico in one day
Mexico’s Health Ministry on Friday reported.
Mexico improves health and hygiene protocols for Avocado exports to Japan
The Ministry of Agriculture of Mexico.
Mexico central bank takes gloomier view of economy in 2021
MEXICO CITY (Reuters) – Mexico’s central.
French police officers suspended over video showing brutal arrest of Black music producer
Video of Paris police officers brutally.
Deported Mexican migrants dream of change under Biden
Mauricio Lopez was deported to Mexico.
AMLO orders Semarnat to deny construction permits to a brewery in Mexicali.
The president instructed the Secretary of.
More complaints in Chelem against a foreigner.
“I saw evil in their eyes.”.
National Guard secures 3 kilos of Marijuana in Mérida
MÉRIDA, YUCATAN (November 27, 2020).-During inspection.
Explosion in Celaya leaves 5 injured (VIDEO)
An explosion at a pyrotechnic post.
Israel blamed for the assassination of Iranian nuclear scientist Mohsen Fakhrizadeh
Iran blamed Israel for the killing.