According to the National Institute of Statistics and Geography (INEGI), the Mexican economy is the second largest in Latin America.
The Mexican economy,the second largest in Latin Americaafter Brazil,grew 1% year-on-yearIn the second quarter of the year, according to revised figures from the Institute of Statistics (INEGI) released this Thursday.
The data of the Gross Domestic Product (GDP) isless than 1.1%which had estimated the INEGI on 30 July.
The figure was also lower thangrowth of 1.9%that the economy recorded in the January-March quarter of this year andto the advance of 3.5%of the second quarter of 2023.
By component, the performance of the economy was disparate in the period.
Tertiary or service activitiesThey grew 1.5%while secondary schools, comprising the vibrant Mexican industrial sector, mainly export-oriented,0.4% advanced,He detailed the INEGI in a statement.
In contrast, primary activities, including agriculture, fisheries and other extractive work,They fell 2.5 percent.
In the quarterly comparison, i.e. compared to the first quarter of the year, gross domestic product (GDP)He grew just 0.2%.
The Mexican economy, strongly linked to that of the United States, the main destination of its exports,8.7 per cent collapsed by 2020affected by the covine-19 pandemic. Since then he has experienced a bounce.
In 2023,GDP has increased by 3.2 per cent.
Analysts who month by month consult the Bank of Mexico (central) estimate that the economy as a whole will have agrowth of 1.8%this year.
This article has been translated after first appearing in Diario El Mundo