Mexico’s economy enters technical recession

January 31, 2022

Mexico's economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting it in a technical recession and joining regional powerhouse Brazil, whose economy fell back into negative territory in 2021.

Gross domestic product (GDP) in Latin America's second-largest economy shrank in the fourth quarter by 0.1% from the previous three-month period in seasonally adjusted terms, preliminary data published by Mexico's INEGI national statistics agency showed.

That beat out expectations in a Reuters poll for GDP to . . .

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