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Mexico’s Economy Rebounds Less Than Expected After Stalling

  • Economy climbs 0.9% in first quarter compared to 1.1% forecast
  • Recovery remains sluggish even after picking up in early 2022
Updated on

Mexico’s economy returned to growth in the first three months of the year after stalling in the last part of 2021, expanding slightly less than expected amid strong U.S. demand for manufactured goods.

Gross domestic product grew 0.9% in the first quarter from the previous three-month period, compared to the 1.1% median estimate of analysts surveyed by Bloomberg, according to preliminary data released by Mexico’s statistics institute Friday. The economy had narrowly avoided recession in the second part of last year.