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Mexico dodges recession

Wednesday, July 31, 2019

Mexico narrowly avoided slipping into recession during the first half of 2019 as gross domestic product grew by a fraction in the second quarter, data showed on Wednesday, but weakness persisted across the board.

A preliminary estimate published by the national statistics agency showed that Mexico’s economy expanded by 0.1 percent in the April-June period from the previous quarter, when adjusted for seasonal swings, Reuters reports.