Mexican economic activity contracted by less than initially estimated during the first quarter as the coronavirus began to have an impact, but the economy was considerably weaker coming into 2020 than previously reported, data showed on Tuesday.
Figures from national statistics agency INEGI showed that Latin America’s second-biggest economy shrank by 1.2% during the January-March period in seasonally adjusted terms.
Growth in activities like farming and forestry partly offset declines in manufacturing and services during the quarter, producing a result that was substantially better than a decrease in activity of 1 . . .
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