Mexico announced Tuesday that its economy shrank 0.2 percent in the third quarter compared with the previous period amid uncertainty related to renegotiations of the North American Free Trade Agreement and local slowdowns caused by natural disasters.
Alfredo Coutino, Latin America director at Moody’s Analytics, said the contraction came after Mexico posted GDP gains of 0.7 percent and 0.6 percent in the first two quarters and confirms an expected deceleration in the second half of 2017.
“Investment decisions were affected by uncertainty over the possibility that NAFTA negotiations would break off,” Coutino wrote in a report . . .