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Mexico GDP Growth Beats Forecasts as Services Provide Boost

Updated on

Mexico’s economy expanded more than forecast in the second quarter after a pickup in domestic demand spurred a growth in June.

Gross domestic product rose 2.2 percent from a year earlier, the national statistics institute said Thursday, compared with the 2.1 percent median forecast of 24 economists surveyed by Bloomberg. GDP advanced 0.5 percent from the previous quarter.