Mexico Posts Rapid Quarterly Growth
Mexico Posts Rapid Quarterly Growth

Mexico Posts Rapid Quarterly Growth

Mexico Posts Rapid Quarterly Growth

Mexico’s economy posted its fastest growth in more than two years, and the government stuck to its outlook, insisting there was no tangible threat yet from US president-elect Donald Trump, who has threatened to tear up a free trade deal. Gross domestic product grew by 1% in the third quarter compared with the prior quarter, according to seasonally adjusted data from Mexico’s statistics agency, in line with estimates in a Reuters poll. It was the fastest quarterly expansion since the second quarter of 2014. Deputy Finance Minister Vanessa Rubio said the government still expected the economy to grow between 2% and 2.6% in 2016, pointing to “solid” consumption despite weak factory production and lower oil output. Mexico also held to its 2017 GDP forecasts, Rubio said, even after private sector economists cut their outlook for next year on expectations that Trump could enact policies that hurt Mexican exports. The United States is Mexico’s top trade partner. The GDP data showed the industrial sector grew 0.1% in the April-June period.


Short URL : https://goo.gl/rQ1UK4
  1. https://goo.gl/fYvfJ9
  • https://goo.gl/xzgxgg
  • https://goo.gl/oGV92i
  • https://goo.gl/S7n0QA
  • https://goo.gl/fiJ8XW

You can also read ...

Venezuela Devalues Currency by 95 Percent
Venezuela devalued its currency by about 95% ahead of the Aug...
The average annual salary for K–12 public-school teachers is roughly $58,000, and they typically spend a sizable chunk  of that on classroom supplies integral to their jobs
Airbnb, the popular platform that lets people rent out their...
Nigeria CB Reports $91b FX Inflow in 2017
The Central Bank of Nigeria, said the aggregate foreign...
S&P, Moody’s Lower Turkey Ratings
Two major global ratings agencies lowered Turkey’s ratings Aug...
Egypt Keeps Rates Steady
Egypt’s central bank left its main interest rates unchanged,...
Argentina Says Poverty to Rise as Economy Slumps
More Argentines are likely living in poverty now compared with...
China News Apps Co. Files for US IPO
Chinese content aggregator Qutoutiao Inc, which is backed by...
Russia’s largest electronics chain, M. Video, estimates that about a fifth of its products are bought with credit  or on installment plans as people are more confident about the future.
Russian consumers are borrowing like the boom times are back...

Add new comment

Read our comment policy before posting your viewpoints