© Reuters. PICTURES: Workers at a construction site in Mexico City, Mexico January 30, 2020. REUTERS / Andres Martinez Casares
MEXICO CITY (Reuters) – Mexico’s economy is expected to fall 0.2% in December compared to the same month last year, an earlier forecast that showed Tuesday, raising concerns that the country could collapse in the second half of 2021.
Figures from the National Statistics Agency INEGI show that secondary employment, which includes manufacturing, rose 0.4% in December, while high-level jobs, which included service resources, were up 1.3%.
Mexico’s gross domestic product (GDP) for the third quarter https://www.reuters.com/markets/us/mexican-economy-shrinks-more-than-expected-third-quarter-2021-11-25 of 2021, and recent statistics led to speculation that the economy could do the same in the October-December period, although data is still scarce.
The economy has shrunk in October since September and early November comparisons show that the economy has not grown significantly compared to the same month of 2020. The details of November should be published by INEGI on January 25.
Jonathan Heath, a member of Mexico’s largest banking committee, said on Twitter (NYSE 🙂 that if what had already been published had not changed, Mexico’s economy could have risen by 0.5% by a quarter in the last three months of last year. .
A two-fold reduction in succession could mean that Mexico plunged into technical crisis as 2021 closed.
Mexico’s recovery from the economic crisis of the coronavirus has been greatly reduced due to the global crisis.
INEGI is due to publish its first estimate of gross domestic product (GDP) for the fourth quarter on Jan. 31.
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