Mexico’s economic growth cools slightly in second quarter

08/22/2017 Reuters

digital economyMEXICO CITY (Reuters) – Mexico’s economic expansion slowed slightly in the second quarter as expected on the back of a contraction in the oil and gas sectors as well as construction, official government data showed on Tuesday.

Gross domestic product grew 0.6 percent in the April-June period from the previous three months, according to the INEGI national statistics agency. That compared with growth of 0.7 percent in the first quarter.

Mexico’s economy has been more resilient this year than expected, as fears that U.S. President Donald Trump could follow through on threats to impose punitive tariffs on Mexican-made exports have not materialized.

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