Mexico | GDP grows 13% at an annualized rate in 4Q20

Summary

Economic activity showed a favorable evolution in 4Q20, with positive performances in all its components, except for the primary sector. Vaccines essential factor for recovery in 2021.

Key points

• Key points:
• Industry and services registered positive performance in the quarter, with growth of 13.9% and 12.6% at an annualized rate, respectively
• The closure of non-essential activities in various states of the country points to a weakening of consumption in 1Q21
• The speed in the administration of the vaccines will determine the speed of recovery of the internal demand forward

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