Mexico Growth Meets Forecasts on Domestic Spending Strength
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Mexico’s economy expanded in line with analysts’ forecasts in the first quarter as domestic consumption rebounded.
Gross domestic product rose 2.5 percent from a year earlier, the national statistics institute said Thursday, compared with the 2.4 percent median forecast of 24 economists surveyed by Bloomberg. While Mexico grew 0.4 percent from the previous three-month period, the gains came in January and February. The economy contracted in March, according to the IGAE economic indicator also released Thursday, signaling weakness heading into the second quarter.