World Economy

Mexican economic growth likely picked up steam in second quarter

Mexican President Andres Manuel Lopez Obrador speaks during a news conference at the National Palace in Mexico City, Mexico March 2, 2021.
Mexico Presidency | via Reuters

Mexican economic growth likely accelerated in April through June due to the reopening of economic activities as pandemic-related restrictions were lifted and due to the spillover effect of robust growth in top trade partner the United States, a Reuters poll showed on Monday.

Gross domestic product (GDP) is expected to have expanded 1.7% in seasonally-adjusted terms in the second quarter from the first three months of the year, according to a median forecast of a poll of 14 analysts. The economy expanded 0.8% in the January to March period versus the final quarter of 2020.