Mexico City  — Mexico’s economy contracted in 2019 for the first time in a decade, data showed on Thursday, as businesses curbed investment due to concern over the economic management of President Andres Manuel Lopez Obrador, and forecasts for 2020 are also weak.

Adjusted for seasonal swings, Latin America’s second-largest economy contracted 0.1% in 2019 after growth of just over 2% in 2018, according to an earlier estimate by national statistics office INEGI...

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