Mexico's economy grows 3 pct in 2022: report

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Mexico's economy grows 3 pct in 2022: report

STORY: Mexico's economy grows 3 pct in 2022: report DATELINE: Feb. 1, 2023 LENGTH: 00:01:31 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of Mexico City STORYLINE: The Mexican economy expanded by 3 percent in 2022, thanks to its three major productive sectors, the National Institute of Statistics and Geography said in a preliminary report Tuesday. The figure represented a deceleration compared to the 4.7-percent growth in 2021. By sector, industrial activity grew by 3.2 percent in 2022, followed by 3 percent in the agricultural sector, and 2.7 percent in the service sector which has the highest GDP contribution, according to the statistics agency. In a separate report, Alfredo Coutino, head of Latin America economic research at Moody's Analytics, said Mexico continued to benefit from exports to the U.S. market, as well as income from tourism and remittances, which reached an all-time high last year. However, the outlook for 2023 faces significant issues such as an economic sl

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