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Mexico’s GDP Growth Improved to 0.6 Percent in Fourth Quarter 2017


January, 30 2018
watermark Economic news

The Mexican economy bounced off in the last quarter of 2017 as it was pushed higher by the construction following the destructive earthquake that hampered the activity for the third quarter, according to the Reuters survey on Monday.

Six analysts presumed the gross domestic product (GDP) to have increased by 0.6 percent in the last quarter compared to the previously recorded decrease of 0.3 percent.

The economy grew by 1.7  percent year-on-year, based on the median forecast of eleven analysts.

Also, reports showed that economy rose by 2.3 percent this year contrasted with 2.1 percent last year.

Data of the preliminary estimate of GDP for the fourth quarter from the Mexican national statistics agency will be released at 0800 a.m. (1400 GMT) on Tuesday. Final statistics will be publicized on February 23.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.