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Mexico joins Brazil as Latin America’s two largest economies now in recession

RIO DE JANEIRO, BRAZIL - Mexico's Gross Domestic Product retreated 0.1% in the fourth quarter of 2021, according to preliminary seasonally adjusted figures released Monday by the statistics institute, INEGI. The drop was less than the 0.3% contraction expected in a Reuters poll and the 0.4% decline in the immediately preceding period.

However, after posting two consecutive quarters of decline, Latin America's second-largest economy entered what is known as . . .

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