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By Reuters Staff 2 Min Read MEXICO CITY (Reuters) - Mexico’s economy likely suffered its largest contraction in decades in 2020 as measures to curb the spread of the novel coronavirus battered output, a Reuters poll showed on Tuesday. The median forecast of a poll of 12 analysts was that Mexico’s gross domestic product (GDP) shrank by 8.8% last year, in what would be the largest contraction since the Great Depression in the 1930s. The forecast assumes the Mexican economy grew by 2.8% in the fourth quarter in seasonally adjusted terms, compared to the previous three-week period. Data from the statistics agency showed that in the third quarter, GDP grew 12.1% after contracting 17% in the prior quarter.

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