Mexican Economy Slows on Weak Exports

November 19, 2012

Wall Street Journal, 11/16/2012

Mexico’s economic growth slowed down in the third quarter as the export engine of Latin America’s second-largest economy started to feel pain from U.S. growth and fiscal worries. Mexican gross domestic product expanded 3.3% in the July-September quarter compared with a year earlier, the national statistics agency said Friday. GDP was up 0.45% compared to the second quarter in seasonally adjusted terms, equivalent to an annualized rate of 1.8%.

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