The Briefing Room
General Category => World News => Topic started by: TomSea on July 31, 2019, 11:14:21 am
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Has Mexico escaped recession? Second-quarter data will show
Reuters
MEXICO CITY (Reuters) - Mexico will on Wednesday learn whether the country slipped into recession during the first half of 2019, in what would be a major blow to President Andres Manuel Lopez Obrador’s pledge to lift growth and confound critics of his economic policies.
(https://s1.reutersmedia.net/resources/r/?m=02&d=20190731&t=2&i=1413862750&r=LYNXNPEF6U0R2&w=1280)
FILE PHOTO: Employees of NDP Technology, a private company specialised in PCB (Printed Circuit Board) assembly for different industries, works on a printed circuit board in Ciudad Juarez, Mexico June 3, 2019. REUTERS/Jose Luis Gonzalez/File Photo
The national statistics agency will at 6 a.m. (1100 GMT) publish a preliminary estimate for gross domestic product (GDP) in the second quarter, following a January-March period in which the economy shrank 0.2% quarter-on-quarter.
Monthly data showed the economy expanded by 0.1% in April and was flat in May, so June’s economic performance may be decisive in determining whether Mexico is in recession.
Read more at: https://www.reuters.com/article/us-mexico-economy-gdp/has-mexico-escaped-recession-second-quarter-data-will-show-idUSKCN1UQ178 (https://www.reuters.com/article/us-mexico-economy-gdp/has-mexico-escaped-recession-second-quarter-data-will-show-idUSKCN1UQ178)