Mexico’s economy plunges 18.9% in Q2 amid untamed Covid outbreak
30 July 2020 - 23:58
Mexico City — Mexico’s economy sank the most on record in the second quarter, as a haphazard national response to the coronavirus pandemic hurt jobs and output while failing to slow the outbreak, posing a dire challenge to President Andres Manuel Lopez Obrador.
GDP in the three months through June fell 17.3% compared with the previous quarter, according to preliminary data. The result, the biggest quarterly slump going back to 1993, came in slightly worse than the median estimate for a 17% drop from economists surveyed by Bloomberg...
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