Mexico’s economy slowed growth to 1.2% in the first quarter

The Mexican economy in the first quarter, according to official data, slowed growth to 1.25% in annual terms, compared with an increase of 1.7% in the fourth quarter of 2018. Relative to the last quarter of last year, Mexican GDP fell by 0.17% after a weak growth of 0.03% a quarter earlier. At the same time in agriculture there was an increase of 5.8% compared to the same quarter of the previous year. This area showed an acceleration of pace in comparison with a rise of 2.9% in the fourth quarter. Growth was also noted in the service sector, where the figure rose by 1.9% after rising 2.7% a quarter earlier. The decline in the last quarter was shown by such areas as the mining industry, where the drop was at the level of 7.6% after a decrease of 7.3% a quarter earlier. Utilities fell by 0.7% after rising 1.4% in the previous quarter.

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