Pantheon Macroeconomics - Yesterday's first estimate of Q1 GDP in Mexico confirmed that growth was under severe pressure at the start of the year. GDP fell by 1.6% quarter- on-quarter, the biggest drop since mid-2009, well below market expectations and following a 0.1% drop in Q4.

Latin America | 1 May 2020 Mexico's GDP Collapsed in Q1, Even Before the Full Hit From Covid-19
Yesterday's first estimate of Q1 GDP in Mexico confirmed that growth was under severe pressure at the start of the year. GDP fell by 1.6% quarter- on-quarter, the biggest drop since mid-2009, well below market expectations and following a 0.1% drop in Q4.

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1 May 2020 Mexico's GDP Collapsed in Q1, Even Before the Full Hit From Covid-19

By Andres Abadia

Yesterday's first estimate of Q1 GDP in Mexico confirmed that growth was under severe pressure at the start of the year. GDP fell by 1.6% quarter- on-quarter, the biggest drop since mid-2009, well below market expectations and following a 0.1% drop in Q4.

Posted: 1st May 2020 in 'Latin America'

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