Mexico economy grows in Q2 at fastest pace since 2022

Mexico saw its strongest economic expansion since early 2022 in the second quarter, growing 1.4 percent after a prior contraction. Meanwhile, 12-month inflation accelerated to 3.26 percent in early August.

Mannequins stand behind a shop window with a display advertising reduced prices (Rebajas), near Mexico City's Zocalo main square, Mexico January 8, 2024. REUTERS/Henry Romero

Mexico's economy expanded 1.4% in the second quarter, marking its fastest growth pace since early 2022. The expansion followed a revised 0.3% contraction in the first three months of the year. Investors are now weighing stronger activity against rising inflation pressures that could test monetary policy.

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