Mexico’s Economy Posts Biggest Quarterly Decline Since 2021
- GDP shrank 0.6% in fourth quarter from previous three months
- Slow growth, cooling inflation factors in central bank easing
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Mexico’s economy posted the biggest quarterly contraction since 2021, with domestic demand and private investment faltering just as tensions with its top trade partner mount.
Gross domestic product fell 0.6% in the three months through December, matching the 0.6% decline reported in preliminary data released by the country’s national statistics institute Jan. 30. From a year ago, GDP expanded 0.5%, less than the flash reading of 0.6%, according to the final data published Friday.