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Mexico’s Economy Rebounded in First Quarter on US Demand

  • Output climbs 1% in first quarter, above initial 0.9% print
  • Export-based economy relies on US demand, No. 1 trade partner
The Tajin production plant in Tala, Jalisco state, Mexico, on Wednesday, April 6, 2022.
The Tajin production plant in Tala, Jalisco state, Mexico, on Wednesday, April 6, 2022.Photographer: Cesar Rodriguez/Bloomberg
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Mexico’s economic growth was in line with expectations for the first three months of 2022, a positive sign for a country that narrowly avoided falling into recession late last year.

Gross domestic product grew 1% in the first quarter from the previous three-month period, above the 0.9% preliminary reading released in April, according to final data published by Mexico’s statistics institute Wednesday. Analysts in a Bloomberg survey had estimated 1% quarter-on-quarter growth.