Mexico Q2 growth weaker than initial estimate, slowdown foreseen

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A breakdown of the GDP figures showed the important tertiary or services sector grew 0.7%, below the 1% initially estimated. Pantheon Macroeconomics said the quarter overall contributed to a"solid" first half of the year, with the first quarter having recorded a downwardly revised gain of 0.8%. Yet it warned that a drop in momentum was likely.

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Mexico’s Economic Growth Revised Lower From Preliminary EstimateMexico’s economy expanded at a slightly slower pace than the preliminary estimate in the second quarter, even as the country benefited from the strength of its trade with the US and its own robust labor market.
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