Mexican Economy Contracts by 0.6% in Q4 2024, Marking First Decline Since 2021

Mexico’s economy experienced a contraction of 0.6% in the fourth quarter of 2024, according to seasonally adjusted figures from the National Institute of Statistics and Geography (Inegi). If confirmed in the final Gross Domestic Product (GDP) report due on February 21, this would mark the first decline in economic activity since the third quarter of 2021.