Mexico City. Mexico’s economy grew 0.2 percent during the first quarter of 2024 in real terms (that is, discounting inflation and seasonality) compared to the immediately previous quarter, according to an estimate published this Tuesday by the National Institute of Statistics and Geography. (Inegi).
In this way, according to the organization, the Mexican economy accumulated 10 consecutive quarters of expansion, marginally exceeding the 0.1 percent dynamism registered in the fourth quarter of 2023.
The growth of the economy is in line with the expectations of specialists, who predicted an expansion of between 0.1 and 0.5 percent.
The Timely Estimate of the Quarterly Gross Domestic Product (EOPIBT) offers, in the short term, a vision of the evolution of the country’s economic activities, 30 days after the end of the reference quarter.
At a quarterly rate, the timely GDP of tertiary activities advanced 0.7 percent. That of secondary schools decreased 0.4 percent and that of primary schools, 1.1 percent, in the first quarter of 2024.
Regarding the annual comparison, that is, with respect to the first quarter of 2023, the growth of the economy was 2 percent in real terms, which according to Inegi data, represents the lowest dynamism since the fourth quarter of 2021.
In detail, during the first three months of the year the GDP of tertiary activities increased 2.5 percent annually; while that of the secondary schools registered a dynamism of 1.5 percent and that of the primaries, one of 1.3 percent.
The final data on the growth of the country’s gross domestic product, according to the Inegi calendar, will be published on May 23.
#Mexicos #GDP #grew #quarter #estimates #Inegi
– 2024-05-06 19:55:54
