Indicators
Mexico Economy Narrowly Dodges Recession Amid US Trade Chaos
Shoppers browse products at the Mercado de Coyoacan public market in Mexico City in Feb.
Photographer: Mayolo Lopez Gutierrez/BloombergTakeaways NEW
Mexico’s economy expanded slightly in the first quarter on a jump in agricultural output, allowing President Claudia Sheinbaum to avoid recession as she steers the nation through an unpredictable US tariff policy.
Gross domestic product grew 0.2% in the three months through March, above the 0.1% median estimate of economists surveyed by Bloomberg, after a 0.6% decline in the prior quarter. From a year before, GDP expanded 0.8%, higher than the 0.7% median estimate, according to preliminary data published Wednesday by the national statistics institute.