Mexico's Recovery Slowed Less Than Expected in First Quarter

Mexico's Recovery Slowed Less Than Expected in First Quarter


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(Bloomberg) — Mexico’s recovery slowed less than expected in the first quarter, as restrictive measures against a resurgent pandemic weighed on domestic demand.
Gross domestic product rose 0.4% from the previous quarter, according to preliminary data from the national statistics agency published on Friday. Economists surveyed by Bloomberg expected no growth for the period, in line with what central bank Deputy Governor Jonathan Heath predicted earlier this week. On an annual basis, GDP fell 3.8%.
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