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Mexico’s economic activity beats all forecasts

Mexico's economic activity beat all estimates in January 2023, expanding at the fastest annual pace in five months amid a recovery in the country that continues faster than expected.

Activity in Latin America's second-largest economy grew 4.4% from a year earlier, Mexico's National Institute of Statistics and Geography (INEGI) reported on Friday, March 24.

The result exceeded all estimates of economists surveyed by Bloomberg, indicating a median growth of 3%.

On a month-over-month comparison, activity rose 0.56%.

After taking a hit during the pandemic, the Mexican economy benefits from stable macroeconomic conditions . . .

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