# Mexico’s economy rebounds; outlook revised up - Dallasfed.org

> Mexico's economy grew an annualized 58.0% in the third quarter of 2020 after a 52.4% drop in the second quarter. The consensus 2020 GDP forecast was revised up to -9.0%. Exports, industrial output, employment and retail sales all improved in the latest data.

- Date: 2020-12-21 · published 2020-12-21T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/49880-mexico-s-economy-rebounds-outlook-revised-up-dallasfed-org
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger recovery supports Mexican demand for animal feed and imported grains over time. The immediate price effect is small because this is a backward-looking macro reading.

## Sources

- dallasfed.org: https://www.dallasfed.org/research/update/mex/2020/2012

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