The surprise contraction in Mexican GDP in Q2 was driven in part by a drop in agricultural production, which tends to be volatile, but growth in the services sector was also surprisingly weak. We think this should be a blip. Even so, following today’s data we have revised down our forecast and now expect GDP to grow by 2.5% over this year as a whole (previously 3.0%).
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services