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Mexico Economy Surges Most in Decades on Heels of Record Plunge

  • GDP expanded 12% in third quarter, in line with 11.9% estimate
  • Analysts see 10% contraction this year as second wave looms
Operations At The Granos De Sinaloa Corn Processing Facility Ahead Of GDP Figures
Photographer: Alejandro Cegarra/Bloomberg
Updated on

Mexico’s economy expanded at the fastest pace in at least three decades in the third quarter, making up for part of the output lost during the pandemic as manufacturing surged to meet strong U.S. demand.

Gross domestic product climbed 12% from the previous quarter, according to preliminary data released by the national statistics institute on Friday. The result, the best in data going back to 1990, was in line with the 11.9% median estimate from economists in a Bloomberg survey.