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Mexican economy puts in solid first quarter

Friday, August 17, 2012

The Mexican economy put in a strong performance during the second quarter of this year, growing 4.1 per cent compared with the same period in 2011.

Some news agencies were quick to seize on the lower-than-expected figure --the consensus forecast from analysts was 4.3 per cent-- as a sign of weakening economic activity in Latin America’s second-largest economy.

The services sector expanded 1.1 per cent during the second quarter compared with the first three months of the year on a seasonally-adjusted basis.

Source: Financial Times