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International Business Times
International Business Times
Business

Mexican Economy Shrinks For First Time In Three Years

Donald Trump Economy Mexico Claudia Sheinbaum United States
Trucks queue to enter the United States from Mexico (Credit: AFP)

Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.

Gross domestic product (GDP) shrank by 0.6 percent in the three months to December from the previous quarter, the first decline since 2021, the national statistics agency INEGI reported in a preliminary estimate.

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