Barclays estimates that the economy of Mexico's main trading partner will enter a recession in the fourth quarter of 2022 and will resume growth in the second half of 2023.
It is the second consecutive month in which the national economy suffers a contraction, after falling 0.2% in May, leaving behind the growth shown in April.
Although the Gross Domestic Product has three consecutive quarters of growth, in June economic activity contracted due to a drop in the primary sector.
In July, the unemployment rate fell to its pre-pandemic level in the United States, which could be the strongest evidence that the economy was not in a recession.
Inflation and the increase in interest rates cause a cooling of the growth engines of the Mexican economy, which will impact the GDP at the end of the year.
Danni Büchner is invited to Sam Dylan's Halloween party. But the "Goodbye Germany" emigrant has no desire for many other party guests. And find clear words.
