Mexico’s economy grew 3.1 percent in 2022

Mexico’s economy grew 3.1 percent in 2022, according to figures released by the National Institute of Statistics and Geography on Friday.

The growth inched up from a previous estimate of 3.0 percent reported by the institute on Jan. 31.

In the fourth quarter of 2022, the Mexican economy grew by 3.7 percent year on year, compared with a 0.5 percent increase on a quarter-on-quarter basis, according to the institute.

Industrial activity, which has strong links with the United States, registered a 3.3 percent increase last year.

Analysts consulted by the central bank of Mexico forecasted economic growth of 0.98 percent this year.

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