Mexican economy grew around 3% last year, fueled by tourism

MEXICO CITY, Jan 17 (Reuters) - Mexico's economy expanded by about 3% in 2022, Finance Minister Rogelio Ramirez de la O said in a statement on Tuesday, as Latin America's No. 2 economy sought to recover lost ground from a pandemic-led slowdown.

Economic activity rebounded significantly last year, according to the statement, as tourism accounted for more activity, followed by automotive sector exports and then remittances from Mexican migrants living abroad.

The economy will continue to perform better than expected, as positive indicators in the labor market as well as slowing inflation contribute . . .

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