Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsMEXICO CITY - Mexico's economy continued to grow at a weak rate in the first quarter, due largely to a drop in manufacturing and agriculture that was only partially offset by services, according to a Reuters poll on Monday.
The median estimate of 10 financial institutions was that the gross domestic product grew 0.1% in the quarter, the same rate as in the previous quarter, and the lowest since the third quarter of 2021, seasonally adjusted figures showed.If the estimate is confirmed, Latin America's second-largest economy will have grown for 10 consecutive quarters.
At a yearly rate, GDP will have grown 2.1%, below the 2.5% registered in the previous quarter, according to the poll. Mexico's statistics agency INEGI will publish GDP growth data for the first quarter of 2024 on Tuesday.