Mexican Economy Hit by Record Contraction in Second Quarter

MEXICO CITY—Mexico’s financial exercise shrank sharply in the next quarter as actions to slow the…

MEXICO CITY—Mexico’s financial exercise shrank sharply in the next quarter as actions to slow the coronavirus pandemic closed crucial industries and solutions these as car output and tourism.

Gross domestic product, a measure of output in products and solutions, was down 17.1% in seasonally altered phrases from the first quarter, according to revised facts from the National Data Institute published Wednesday.

The…