Mexico Economy Shrinks Slightly More Than Forecast in Second Quarter

Mexico Economy Shrinks Slightly More Than Forecast in Second Quarter
Employees work on the terminal foundations at the construction site of the new Mexico City International Airport in Texcoco on the outskirts of Mexico City, Mexico Feb. 1, 2018. Reuters/Carlos Jasso
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MEXICO CITY—Mexico’s economy shrank by 0.2 percent in the second quarter from the previous three-month period, one tenth of a percentage point more than initially forecast in a preliminary estimate, data from the national statistics agency showed on Aug. 24.

In annual terms, the economy expanded 2.6 percent compared with a year earlier. The year-on-year growth was one tenth of a point less than had been predicted in the preliminary estimate, which was published at the end of July.