# Mexico's economy has not been this weak since 'Tequila crisis'

> Revised data showed Mexico's economy contracted about 0.1% in each of three straight quarters before flatlining in the third quarter of 2019. Economists describe a technical recession that is unusual because the US economy is still growing, the kind of weakness last seen during the 1990s Tequila Crisis.

- Date: 2019-11-26 · published 2019-11-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/56278-mexico-s-economy-has-not-been-this-weak-since-tequila-crisis
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weak Mexican demand and a softer peso reduce Mexico's appetite for imported feed grains and meal, a mildly bearish factor for US feed ingredient exports.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2019/11/26/mexicos-economy-has-not-been-this-weak-since-tequila-crisis.html

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