FX.co ★ Mexico's GDP Growth Slows to 1.6% in the First Quarter of 2024

Mexico's latest GDP figures show a slowdown in economic growth as the country's GDP reached 1.6% in the first quarter of 2024. This represents a decrease from the previous quarter's growth rate of 2.5%, indicating a noticeable deceleration in economic activity.

The data, updated on April 30, 2024, compares the first quarter of 2024 to the same period a year ago, highlighting the year-over-year growth trajectory. The decline in GDP growth could have various implications for Mexico's economy, including potential impacts on employment, consumer spending, and overall economic outlook.

As Mexico navigates through these economic fluctuations, experts and policymakers will closely monitor the situation to assess the necessary measures to support sustainable growth and stability in the country's economy.