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Mexico revises Q1 GDP to fall 3 6 pct year on year

Mexico revises Q1 GDP to fall 3 6 pct year on year - World News

2021-05-26 22:05:58 GMT2021-05-27 06:05:58(Beijing Time) Xinhua English MEXICO CITY, May 26 (Xinhua) Mexico s gross domestic product (GDP) fell 3.6 percent in the first quarter of 2021 year on year, the National Institute of Statistics and Geography (Inegi) said on Wednesday, revising its initial estimate of a 3.8 percent drop. According to a breakdown by economic segments, the services sector plummeted 4 percent between January and March of this year compared to the same period of 2020, when the novel coronavirus disease first emerged in Mexico. Industrial activity, which is closely linked to the United States, fell 2.7 percent in the first quarter year on year, according to Inegi s revised figures.

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