During the fourth quarter of 2018, Mexico recorded a year-over-year growth rate of 1.73%, a slowdown of 0.82 p.p. from the previous quarter. This behavior was mainly due to the quarterly slowdown experienced by both internal and external demand. Regarding to the labor market, the unemployment rate rose to 3.36%. The Mexican peso depreciated against the dollar, recording an average exchange rate of MXN 19.86/USD during the fourth quarter of the year.
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