Mexico avoids recession despite tariff uncertainty
The Peninsula
Mexico City: Mexico s economy returned to growth in the first quarter of 2025, avoiding a recession despite uncertainty over US President Donald Trump...
Mexico City: Mexico's economy returned to growth in the first quarter of 2025, avoiding a recession despite uncertainty over US President Donald Trump's sweeping tariffs, official data showed Wednesday.
Gross domestic product (GDP) grew 0.2 percent from the fourth quarter of 2024, when Latin America's second-largest economy had contracted for the first time in three years, national statistics agency INEGI reported.
Year-on-year, GDP rose 0.6 percent in the first quarter, it said in a preliminary estimate.
The new data means Mexico outperformed the US economy, which contracted in the first three months of the year, according to data published Wednesday.
The resilient performance eased fears of a recession, which is generally defined as two consecutive quarters of economic contraction -- for now, at least.
Washington, USA: The draw for the 2026 World Cup the biggest edition of football s global showpiece ever held takes place in Washington on Frida...
Brussels, Belgium: European Union lawmakers and member states reached a deal Wednesday to ban all imports of Russian gas by autumn 2027, as the bloc s...
Tukka, Indonesia: Officials in Indonesia and Sri Lanka battled Wednesday to reach survivors of deadly flooding in remote, cut off regions as the toll...
Islamabad: Pakistan s trade deficit reached 2.9 billion U.S. dollars in November, expanding by nearly 33 percent from the same month last year, the Pa...
Dar es Salaam: Tanzania s President Samia Suluhu Hassan on Tuesday justified the killing of protesters during recent election unrest, saying it was ne...
New Delhi, India: India has ordered smartphone makers to pre install a government run cyber security app that cannot be removed, a move that has raise...
Bangkok: Thai football fans pledged Monday to skip cheering for their home team from stadium stands during upcoming Southeast Asian Games matches over...
Paris, France: French oil group TotalEnergies said Monday it was selling a 40 percent stake in Nigerian offshore exploration licences to a subsidiary...
Gaza: Municipalities in the Gaza Strip have warned of an imminent collapse of essential services due to the rapidly deteriorating fuel crisis, followi...
Hong Kong: Hong Kong police said on Monday a total of 13 people had been arrested for manslaughter over a deadly fire that ripped through an apartment...
Washington: US President Donald Trump said on Saturday that the airspace above and surrounding Venezuela will be shut down entirely, without providing...
Kiev: Ukrainian President Volodymyr Zelensky appointed Rustem Umerov as the new head of the Ukrainian delegation to peace talks with the United States...