Mexico's economy grows 0.2% in the first quarter of the year
Briefly

from english.elpais.com2 weeks ago
Mexico's economy grew 0.2% in the first quarter of 2024, led by the services sector, including trade and tourism. The growth was an improvement from the previous quarter's 0.1% and surpassed analysts' predictions.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-04-30/mexicos-economy-grows-02-in-the-first-quarter-of-the-year.html
On a year-on-year basis, Mexico's GDP increased by 2% in the first quarter, marking the slowest growth rate in the past nine quarters. The country's economy is facing the risk of stagflation due to low GDP growth and high inflation.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-04-30/mexicos-economy-grows-02-in-the-first-quarter-of-the-year.html
Banco Base's director, Gabriela Siller, highlighted that Mexico's GDP growth for an election year was relatively low. The Ministry of Finance expects the economy to expand between 2.5% and 3.5% in 2024 driven by consumption, infrastructure projects, and external demand.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-04-30/mexicos-economy-grows-02-in-the-first-quarter-of-the-year.html
Read at english.elpais.com
#mexico #gdp-growth #services-sector #economic-analysis #inflation
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