

MEXICO CITY, Feb 25 (Reuters) – Mexico’s economy grew quicker than first estimated during the fourth quarter as the country recovered from its sharpest economic contraction in nearly nine decades, official data showed on Thursday.
National statistics agency INEGI said the economy grew by 3.3% in the fourth quarter of 2020 compared with the previous three-month period, revising up its Jan. 29 preliminary estimate that gross domestic product (GDP) had expanded by 3.1%.
Battered by disruptions triggered by the coronavirus pandemic, GDP in Latin America’s second-biggest economy plummeted by 8.5% across the whole of 2020 in seasonally-adjusted terms, INEGI said, confirming its preliminary estimate.
That is the biggest decline since 1932 during the Great Depression.
Compared with the same quarter a year earlier, the Mexican economy shrank 4.5% in the final three months of 2020 in adjusted terms.
Meanwhile, the economy grew 0.1% in December from November and contracted 2.7% from December of 2019, a separate INEGI report showed. (Reporting by Anthony Esposito; Editing by Alex Richardson for REUTERS).
Source: REUTERS
more recommended stories
Yucatan stands out in Tianguis Turístico as the ideal destination for events and conventions
At the Tianguis Turístico we are.
Janitor dies after deadly fall in southern Mérida’s colonia Roble Agrícola
MÉRIDA, Yuc.- This Wednesday in the.
UNAM will revoke Minister Yasmín Esquivel´s degree for plagiarism
March 30, 2023.- After the scandal.
Government of Yucatan recovers control of its official websites after cyberattack
Less than a week after reporting.
Police mobilization due to gunshots in Progreso
Extensive police mobilization was registered on.
Cecilia Patrón’s proposal is approved: aggressors will not be eligible for public service
The plenary session of the Chamber.
Laying of sleepers for the Mayan Train continues in Playa del Carmen
The laying of sleepers and ballast.
Vaquita Marina: a marine species in eminent extinction
The vaquita marina (Phocoena sinus), also.
Intense heat increases water consumption in Mérida
Merida Yucatan; March 30, 2023.- The.
Security company responsible during the fire at the INM in Ciudad Juárez has a contract in 23 states
After the fire at the immigration.
Leave a Comment