Mexican Economy Hit by Record Contraction in Second Quarter - News Summed Up

Mexican Economy Hit by Record Contraction in Second Quarter


MEXICO CITY—Mexico’s economic activity shrank sharply in the second quarter as measures to slow the coronavirus pandemic closed key industries and services such as vehicle production and tourism. Gross domestic product, a measure of output in goods and services, was down 17.1% in seasonally adjusted terms from the first quarter, according to revised data from the National Statistics Institute published Wednesday.


Source: Wall Street Journal August 26, 2020 11:37 UTC



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