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.
