Mexico fell in recession in 1st semester, stagnated in Q3

Mexico, Latin America's second-largest economy after Brazil, registered a recession in the first two quarters of the year and zero…

Mexico, Latin America’s second-largest economy after Brazil, registered a recession in the first two quarters of the year and zero growth in the third, according to revised official data released Monday.

The downward revision confirmed the economy’s weak performance under leftist President Andres Manuel Lopez Obrador, who is struggling to deliver on his promise to kickstart growth in his first year in office.

The economy contracted by 0.1 percent in each of the first two quarters and stagnated in the third, according to the revised figures from the national statistics institute, INEGI.

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