6:12 AM MYT MEXICO CITY, Jan. 29 (Xinhua) Mexico s economy contracted 8.3 percent in 2020 year-on-year, marking its worst setback since the 1930s largely due to the novel coronavirus pandemic and lockdown, according to preliminary estimates published Friday by the National Institute of Statistics and Geography (INEGI). In the fourth quarter of 2020, Mexico s gross domestic product (GDP) fell 4.5 percent year-on-year, a more moderate contraction than the 18.7 percent decline in the second quarter of last year and the 8.6 percent decline in the third quarter, when the pandemic impacted productive activities, according to the INEGI report. In 2019, Mexico s GDP fell 0.1 percent, accumulating two years of contraction.
2021-01-29 23:06:03 GMT2021-01-30 07:06:03(Beijing Time) Xinhua English
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MEXICO CITY, Jan. 29 (Xinhua) Mexico s economy contracted 8.3 percent in 2020 year-on-year, marking its worst setback since the 1930s largely due to the novel coronavirus pandemic and lockdown, according to preliminary estimates published Friday by the National Institute of Statistics and Geography (INEGI).
In the fourth quarter of 2020, Mexico s gross domestic product (GDP) fell 4.5 percent year-on-year, a more moderate contraction than the 18.7 percent decline in the second quarter of last year and the 8.6 percent decline in the third quarter, when the pandemic impacted productive activities, according to the INEGI report.
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.
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.
Obrador’s ‘human side without a script’ lures millions
09 Jan 2021 Mexican President Lopez Obrador gives his regularly scheduled morning press conference at the National Palace in Mexico City. File/Associated Press
Maria Verza,
Associated Press
Retired auditor Rafael Silva pours himself a cup of coffee and turns on his television at 7:00 a.m. each weekday morning to watch. Also in Mexico City, Amalia Melendrez tunes in after her morning bath. Four thousand miles away in the United States, engineer Raul Juarez connects to the internet no matter where he is at home or in his car to see the show they all wouldn’t miss for anything.