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Mexican economy in hot pursuit of leader Brazil

Thursday, May 17, 2012

Mexico’s economic expansion probably accelerated in the first quarter as demand from the United States picked up, the latest sign that it is surpassing Brazil after trailing Latin America’s biggest economy for most of the past decade.

Gross domestic product expanded 1 percent from the previous three months, when the economy grew 0.42 percent.

Mexico’s growth exceeded Brazil’s in the last three quarters of 2011 as domestic consumption and exports picked up on the heels of a strengthening US recovery.

Source: Bloomberg