MEXICO CITY (Reuters) – Mexico’s economy likely contracted from October to December, marking the first quarterly decrease in more than three years, a Reuters poll showed on Wednesday.
The median forecast from 11 analysts estimated a 0.2% decline in gross domestic product from the third quarter to the fourth quarter, using seasonally adjusted figures.
If the results are in line with estimates, it would be the first quarter-on-quarter contraction for Latin America’s No. 2 economy since it logged a 0.9% shrinkage in the third quarter of 2021.
On an annual basis, Mexico’s GDP was seen growing 1.2%, moderating from the 1.6% year-on-year growth registered in the third quarter.
The INEGI national statistics institute is set to release its fourth-quarter GDP data on Thursday.
(Reporting by Noe Torres in Mexico City; Additional reporting by Gabriel Burin in Buenos Aires; Editing by Aida Pelaez-Fernandez and Rod Nickel)
Comments