Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexican economy seen shrinking in second quarter

Mexico's economy likely shrank in the second quarter, with a stagnant service sector and a drop in industrial output contributing to the decline.

Mexico will report quarterly gross domestic product (GDP) data on Monday, and according to the median responses of five economists polled by Reuters, seasonally adjusted GDP likely contracted by 0.3 percent from the first quarter.

The economy grew 0.8 percent in the first quarter.

Compared with the second quarter of 2015, the economists saw GDP expanding 2.40 percent. Growth was 2.6 percent in the first quarter versus the year-ago period.

According . . .

Read Full Story

Related Posts

Santa Cruz Entrance Upgrade Takes Shape Before May 3

Santa Cruz Entrance Upgrade Takes Shape Before May 3

Chapala has started upgrading Santa Cruz de la Soledad’s entrance and bus stop before May...
Bahía de Banderas Warns of Trash Burning and Fires

Bahía de Banderas Warns of Trash Burning and Fires

Bahía de Banderas officials warned that burning trash or dry brush can quickly spread, damage...
Puerto Vallarta Trains Neighborhood Leaders on Dengue

Puerto Vallarta Trains Neighborhood Leaders on Dengue

Puerto Vallarta health officials are training neighborhood coordinators to find breeding sites and help residents...
New Mismaloya Pier Could Lift Vallarta’s South Shore

New Mismaloya Pier Could Lift Vallarta’s South Shore

Puerto Vallarta’s new Mismaloya pier could improve maritime access, aid tourism and fishing, and strengthen...