Mexico's economy expands 3.6% annually in Q2

GDP increases 0.8% in April-June period on quarterly basis

By Ovunc Kutlu

ISTANBUL (AA) – Mexico's economy expanded 3.6% annually in the second quarter of 2023, the country's statistics agency INEGI announced on Tuesday.

The figure came slightly lower than the market expectation of a 3.7% expansion, while the North American economy grew 3.7% in the first quarter, compared to the same period of last year.

Mexico's economy expanded 3.1% in 2022.

The gross domestic product rose 0.8% in the second quarter, compared to the previous quarter, also coming slightly lower than the market estimate of a 0.9% increase.

On a quarterly basis, the economy grew 1% in the January-March period.

Kaynak:

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