Revised data shows Mexico’s economy contracted by about 0.1% for three straight quarters before remaining static in the third trimester of 2019.
Mexico’s economic slowdown is unusual because the U.S. economy is still growing.
The last Mexican economic recession that was not accompanied by a U.S. slowdown took place in the 1990s during the so-called Tequila Crisis, notes Bank of America.
The Mexican peso tanked against the U.S. dollar during that crisis.
Source: https://www.cnbc.com
