About: http://data.cimple.eu/news-article/24aec2a8ecf294734ed4185d901b1f29d6fcbfefe9a8e706b6d644eb

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/24aec2a8ecf294734ed4185d901b1f29d6fcbfefe9a8e706b6d644eb Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Mexico's pandemic-ravaged economy, the second largest in Latin America, shrank 8.5 percent in 2020, official data showed Friday, in what analysts said was the worst slump since the Great Depression. While a rebound in the second half of last year helped to prevent an even steeper decline, concerns are mounting about the impact of a new spike in Covid-19 cases. The Mexican economy grew 3.1 percent in the final quarter of 2020, after increasing 12 percent in the third quarter, the government statistics agency INEGI reported. The full-year contraction was slightly smaller than the 9 percent drop forecast by analysts consulted monthly by the Mexican central bank. Even so, the 8.5 percent plunge "marks the biggest annual slump in Mexico since the Great Depression," some nine decades ago, the Capital Economics consultancy firm said in a note to clients. The fourth quarter rebound means that the economy has now recovered more than 70 percent of its losses from the first half of 2020, it noted. "However, the recent surge in new Covid-19 cases will cause the recovery to grind to a halt in the first quarter," it warned. In the second quarter, as the pandemic hit hard, GDP dropped by a record 17 percent. Mexico, with 126 million people, closed all but essential businesses last March because of the pandemic, dealing a devastating blow to its economy. It began to reopen some sectors in July, but reimposed restrictions as Covid-19 cases soared later in the year. Mexico City has been in a state of maximum alert since mid-December and most non-essential activities have been suspended in the capital. The country has one of the world's highest death tolls from the pandemic at more than 155,000, along with more than 1.8 million known cases of infection. Both new cases and deaths have set daily records this month, leaving hospitals overwhelmed. The country began mass vaccination on December 24 but like many nations it is struggling to acquire enough doses. The International Monetary Fund predicted on Tuesday that Mexico's economy will grow 4.3 percent in 2021, upgrading an earlier forecast. yug-dr/dw
schema:headline	Mexico says economy contracted 8.5 percent in 2020
schema:mentions	Latin America Deutsche Welle National Institute of Statistics and Geography Great Depression International Monetary Fund Vaccination Gross domestic product Mexico City Mexico Pandemic Coronavirus disease 2019 Economy of Mexico Capital Economics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-01-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software