Mexico
City Mexico’s pandemic-afflicted economy is forecast to contract by up to 9.3 percent this year, a less severe slump than previously feared, the central bank said Wednesday. The Bank of Mexico had warned in August that Latin America’s second-largest economy was in danger of shrinking by up to 12.8 percent in 2020. Economic activity has since shown signs of recovering after an easing of pandemic control measures that had triggered an unprecedented 18.7 percent plunge in the second quarter from a year earlier. Gross domestic product (GDP) rebounded 12.0 percent in the July-September period from the previous quarter, the most since record-keeping began several decades ago, according to an official preliminary estimate released last month.—AFP
