Mexico: Growth Slows

Mexico’s economy grew 2.4 percent year-on-year in the first quarter, down from 4.9 percent in the previous quarter as demand in the US for Mexican exports declined. The US took 83 percent of Mexico’s $47 billion in exports in the quarter. Most Mexican sales in the US are manufactured goods, which faced weakened demand in March as US factory production fell for the first time in six months.