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Mexico Economy Unexpectedly Grows in Sign of Quicker Rebound bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
Article content (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%. We apologize, but this video has failed to load. Try refreshing your browser, or Mexico Economy Unexpectedly Grows in Sign of Quicker Rebound Back to video ....
Article content (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%. We apologize, but this video has failed to load. Try refreshing your browser, or Mexico s Recovery Slowed Less Than Expected in First Quarter Back to video ....
USD/MXN Bounces as Bank of Mexico Elects to Cut Rates by 0.25% 2021-02-11 19:00:00 Brendan Fagan, Izaac Brook, Bank of Mexico cuts rates by 25 bps to 4.00% in a unanimous decision Rate cut comes as Mexican economy struggles and remains frail USD/MXN bounced in immediate trade following the release Advertisement The Bank of Mexico unanimously decided to cut interest rates by 25 bps to 4.00% after meeting on Thursday. The decision was in line with expectations, as a cut of 25 bps was foreseen as extremely likely given recent economic weakness in Mexico. The rate cut comes as the Mexican economy experienced its worst year since the Great Depression, with economic activity declining by 8% as a result of the pandemic. ....