[New post] Mexican Economy Shrinks in Third Quarter in Blow to Recovery

mexicoinstitute posted: " 10/29/2021 Source: Bloomberg Mexico's economy shrank in the third quarter after new legislation banning labor outsourcing hit the services industry and coronavirus cases surged. Gross domestic product declined 0.2% from the previous three-month " Respond to this post by replying above this line New post on Mexico Institute Mexican Economy Shrinks in Third Quarter in Blow to Recovery by mexicoinstitute 10/29/2021 Source: Bloomberg Mexico's economy shrank in the third quarter after new legislation banning labor outsourcing hit the services industry and coronavirus cases surged. Gross domestic product declined 0.2% from the previous three-month period, compared to the median estimate in a Bloomberg survey of no growth. It's the first contraction since the second quarter of 2020, when Mexico imposed its harshest set of restrictions to tackle the Covid-19 pandemic. From a year ago, GDP grew by 4.6%, according to preliminary data from the national statistics institute published Friday. READ MORE mexicoinstitute | October 29, 2021 at 2:45 pm | Tags: decline, Economy, GDP | Categories: Economic Growth | URL: https://wp.me/pmP6f-jXs Comment    See all comments    Like Unsubscribe to no longer receive posts from Mexico Institute. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://mexicoinstitute.wordpress.com/2021/10/29/mexican-economy-shrinks-in-third-quarter-in-blow-to-recovery/ Thanks for flying with WordPress.com