# Mexico's economy in 2020 suffers worst slump since 1930s | Reuters

> Mexico's economy contracted in 2020 by its steepest annual rate since the 1930s after pandemic losses. The economy recovered much of the ground lost in the second half of 2020, and a stronger October-December period helped lift the peso on January 29.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/49358-mexico-s-economy-in-2020-suffers-worst-slump-since-1930s-reuters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A recovering Mexican economy supports demand for animal protein and feed, though the weak annual contraction and peso volatility keep import costs uncertain for buyers.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/business/mexicos-economy-in-2020-suffers-worst-slump-since-1930s-idUSKBN29Y1OE/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.