Monday 20 May 2013
Mexico City.- Mexico’s economy grew 4.6% in the first three months of this year over even term in 2011; the growth was higher than expected by analysts and authorities. The Mexican Statistics Agency, InstitutoNacional de Estadistica y Geografia (INEGI), informed that such raise was due to increases posted by three of the big economic activity groups, 6.8% by primary, 4.5% by secondary and 5% by tertiary.
The increase posted by Gross Domestic Product in Mexico in the first quarter is higher than the 4.1% annual growth estimated by analysts and the rate of around 4% forecasted by the Ministry of the Treasury for such term.
The Mexican economy has therefore accrued nine quarters in a row with growth in the annual rate, after the negative rates posted from the fourth quarter of 2008 until October-December 2009, due to the international financial crisis.
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