Moody's says Mexican economy won't reach pre-pandemic levels until at least 2023


Reuters | Mexico City | Updated: 07-01-2021 23:32 IST | Created: 07-01-2021 23:32 IST
Moody's says Mexican economy won't reach pre-pandemic levels until at least 2023
  • Country:
  • Mexico

Moody's Investors Service said in a report on Thursday that Mexico will not reach its pre-pandemic economic output levels of 2019 until at least 2023.

Mexico's economy was already in a slight recession in 2019 before the COVID-19 pandemic ravaged Latin America's second largest economy and dragged it into its steepest recession since the Great Depression of the 1930s.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback