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rdf:type	schema:NewsArticle
schema:articleBody	Mexico's economy suffered its worst recorded contraction in the second quarter of 2020 after being ravaged by the coronavirus pandemic, the national statistics institute said on Thursday. Latin America's second largest economy after Brazil's fell by 17.3 percent, according to a preliminary estimate by the institute, which was created in 1983. Mexico has the fourth-highest number of coronavirus deaths in the world, after the United States, Brazil and Britain, with over 45,000 recorded deaths since its first case was reported in late February. The country's Gross Domestic Product "fell 17.3 percent in real terms in the April-June 2020 quarter compared to the previous quarter, with seasonally adjusted figures," said the INEGI institute in a statement. In its year-on-year comparison, the Mexican economy has shrunk by 18.9 percent. It was the fifth successive quarter in which the economy has contracted. The second quarter was when Mexico was in the midst of a lockdown induced by the coronavirus outbreak. President Andres Manuel Lopez Obrador said he expected things to quickly improve. "There are other indicators that we are already advancing in July," he said in his morning press conference. The Central Bank predicted in May that the economy would fall by 8.3-8.8 percent in 2020 due to "the depth and duration of the consequences" of the pandemic. Mexico was semi-paralyzed from the end of March when lockdown measures were imposed and only started gradually reopening in June. Manufacturing, mining and the automotive industry were the first sectors to reopen while restaurants and hotels have also been allowed to operate at a reduced capacity. sem/ll/bc/bgs/
schema:headline	Mexico GDP slumps record 17% on virus impact
schema:mentions	Latin America National Institute of Statistics and Geography Andrés Manuel López Obrador Gross domestic product Pandemic Virus Brazil United States Severe acute respiratory syndrome coronavirus 2 President of the United States Coronavirus disease 2019 Economy of Mexico Mexico national baseball team Automotive industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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