Mexico avoids recession despite tariff uncertainty

The positive growth means Mexico outpaced the US economy, which data released on Wednesday showed contracted in the first three months of the year. "Growth was driven by a rebound in agriculture and the rest of the economy -- and the manufacturing sector in particular -- continued to struggle," she wrote in a note. Vehicle tariffs would be reduced if some of the parts were produced in Mexico or Canada, not just the United States, an important change that "recognizes the value" of the trade deal, she said.

Author: AFP

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