Mexican Economy Suffers Record Drop in Second Quarter

MEXICO CITY—Mexico’s economic output suffered its steepest drop on record in the 2nd quarter as shutdowns to slow the distribute of the coronavirus brought several factories and expert services to a standstill.

Gross domestic item, a broad measure of output in products and expert services, contracted seventeen.3% in seasonally adjusted conditions from the 1st quarter, and was down 18.nine% from the 2nd quarter of 2019, the Countrywide Studies Institute reported Thursday.

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