During the fourth quarter of 2019, Mexico recorded a year-over-year growth rate of -0.45%, a decreasing when compared to the previous quarter. The Mexican economy entered a technical recession after registering consecutive contractions in the last two quarters of the year. Regarding prices, inflation reached a ratio of 2.94% in 4Q19. Concerning the labor market, the unemployment rate decreased to 3.43%. The Mexican peso appreciated against the dollar, recording an average exchange rate of 19.25 MXN/USD during the fourth quarter of the year.
For more information click here to access the executive document in pdf (only available in Spanish).
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