Mexico’s Q2 Growth at 0.6%
Mexico’s Q2 Growth at 0.6%

Mexico’s Q2 Growth at 0.6%

Mexico’s Q2 Growth at 0.6%

Mexico’s economy grew 0.6% in the second quarter, officials said, keeping up its solid growth as the country heads into clutch renegotiations of the North American Free Trade Agreement, AFP reported. The figure matched the growth rate in the first quarter, when Mexico shook off predictions of economic doom and gloom following US President Donald Trump’s arrival in office. Trump’s vows to deport Mexican immigrants en masse, make Mexico pay for a border wall and overhaul its crucial trade relationship with the United States had caused major jitters in Latin America’s second-largest economy. But after an initial period of volatility around his election last November, the Mexican economy has stabilized. A major new test will come on August 16, however, when Mexico, the US and Canada begin negotiations to overhaul NAFTA. Mexico says NAFTA is a cornerstone of its economy, and ships 80% of its exports to the United States. Mexico’s GDP grew 2.3% last year. The central bank is predicting growth of 1.5 to 2.5% this year.


Short URL : https://goo.gl/bEayyb
  1. https://goo.gl/GBQ4Dg
  • https://goo.gl/4dFTXs
  • https://goo.gl/GeK2cf
  • https://goo.gl/CymKvk
  • https://goo.gl/261eqP

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The bankruptcy of investment bank Lehman Brothers on September...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Add new comment

Read our comment policy before posting your viewpoints