Current：Home > MarketsMexico’s economy ekes out 0.1% expansion in 4th quarter, posts growth of 3.1% for 2023 -InvestTomorrow
Mexico’s economy ekes out 0.1% expansion in 4th quarter, posts growth of 3.1% for 2023
View
Date：2025-04-15 03:37:35
MEXICO CITY (AP) — Mexico’s economy barely eked out a 0.1% increase in the fourth quarter, bringing estimated growth for 2023 to 3.1%, according to preliminary figures published Tuesday by Mexico’s National Statistics Institute.
The institute said that services advanced 0.1% in the fourth quarter, agricultural output declined by the same amount and manufacturing remained unchanged.
Inflation declined to 4.66% by the end of 2023, but domestic interest rates remained high at 11.5%. High rates at home and abroad increased the cost of servicing Mexico’s debt, the Treasury Department acknowledged.
Mexico’s peso remained strong Tuesday at about 17.20 to $1 and the Mexican stock exchange’s main index was trading slightly higher.
veryGood！ (72)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Palestinian security force deploys in school compound in Lebanon refugee camp following clashes
- Fat Bear Week is in jeopardy as government shutdown looms
- Arrest in Tupac Shakur killing stemmed from Biggie Smalls death investigation
- How effective is the Hyundai, Kia anti-theft software? New study offers insights.
- Ex-Justice Department official Jeffrey Clark can’t move Georgia case to federal court, a judge says
- 73-year-old adventurer, Air Force specialists set skydiving record over New Mexico
- Alabama objects to proposed congressional districts designed to boost Black representation
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- Dad who won appeal in college admissions bribery case gets 6 months home confinement for tax offense
Ranking
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- Ukraine hosts a defense industry forum seeking to ramp up weapons production for the war
- Some states pick up the tab to keep national parks open during federal shutdown
- AP PHOTOS: As Alpine glaciers slowly disappear, new landscapes are appearing in their place
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Tennessee teacher accused of raping child is arrested on new charges after texting victim, police say
- Kelsea Ballerini Shuts Down Lip-Synching Accusations After People's Choice Country Awards Performance
- To prevent gun violence, these peacemakers start with the basics
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Dianne Feinstein remembered as a trailblazer and pioneer as tributes pour in after senator's death
Brian May, best known as Queen's guitarist, helped NASA return its 1st asteroid sample to Earth
Pope Francis creates 21 new cardinals who will help him to reform the church and cement his legacy
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Pennsylvania governor noncommittal on greenhouse gas strategy as climate task force finishes work
Dianne Feinstein was at the center of a key LGBTQ+ moment. She’s being lauded as an evolving ally
Virginia man wins lottery 24 times in a row using a consecutive number