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Mexico GDP Growth Accelerates to 1.5% in Q2 2024, Beating Forecasts

BitcoinWorld Mexico GDP Growth Accelerates to 1.5% in Q2 2024, Beating Forecasts Mexico’s Gross Domestic Product (GDP) expanded by 1.5% in the second quarter of 2024 compared to the previous quarter, surpassing the market consensus of 1.3%.

The data, released by the National Institute of Statistics and Geography (INEGI), indicates a stronger-than-expected acceleration in the Mexican economy.

What the Q2 GDP Data Shows The 1.5% quarter-on-quarter (QoQ) growth rate marks a notable increase from the 0.3% expansion recorded in the first quarter of 2024.

This beat against the 1.3% forecast suggests that economic activity in Mexico gained momentum during the April-to-June period, driven by robust domestic demand and continued nearshoring investments.

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