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Preliminary growth numbers show 20.6% increase in April The rebound would be the highest annual growth for any month on record
Published on Tuesday, May 18, 2021
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The economy bounced 20.6% in April compared to the same month last year, according to preliminary estimates by the National Institute of Statistics and Geography (Inegi).
The rebound would be the highest annual growth for any month on record, and would see the economy break the negative streak of 20 consecutive months of dips.
The hit taken by the economy in April last year due to the arrival of the Covid-19 pandemic and the confinement measures that accompanied it was largely responsible for the extent of the increase.