By the end of 2020, it was estimated that the gross domestic product (GDP) of Mexico had decreased by close to nine percent, when compared to the previous year. In January 2020, the forecast was of a one percent growth. As a result of the COVID-19 outbreak in Latin America, forecasts of GDP growth showed decreasing values in several countries in the region for the year 2020. However, as more people get immunized the trend is expected to change. As of October 2021, the Mexican GDP was forecast to grow by six percent that year.
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Forecasted gross domestic product (GDP) growth in Mexico in 2020 and 2021, by month of forecast
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Banco de México. (November 1, 2021). Forecasted gross domestic product (GDP) growth in Mexico in 2020 and 2021, by month of forecast [Graph]. In Statista. Retrieved August 13, 2022, from https://www.statista.com/statistics/1108139/expected-gdp-growth-mexico/
Banco de México. "Forecasted gross domestic product (GDP) growth in Mexico in 2020 and 2021, by month of forecast." Chart. November 1, 2021. Statista. Accessed August 13, 2022. https://www.statista.com/statistics/1108139/expected-gdp-growth-mexico/
Banco de México. (2021). Forecasted gross domestic product (GDP) growth in Mexico in 2020 and 2021, by month of forecast. Statista. Statista Inc.. Accessed: August 13, 2022. https://www.statista.com/statistics/1108139/expected-gdp-growth-mexico/
Banco de México. "Forecasted Gross Domestic Product (Gdp) Growth in Mexico in 2020 and 2021, by Month of Forecast." Statista, Statista Inc., 1 Nov 2021, https://www.statista.com/statistics/1108139/expected-gdp-growth-mexico/
Banco de México, Forecasted gross domestic product (GDP) growth in Mexico in 2020 and 2021, by month of forecast Statista, https://www.statista.com/statistics/1108139/expected-gdp-growth-mexico/ (last visited August 13, 2022)