The Mexican economy had a growth of 0.8 percent in the first three months of the year compared to the last quarter of 2020, according to revised figures from the National Institute of Statistics and Geography (Inegi), published this Wednesday.

In its timely estimate released in April, the institute indicated that the Gross Domestic Product had advanced 0.4 percent.

Reviewing the data by sectors, the primary (which includes agriculture and livestock activities) advanced 0.7 percent; the secondary (related to industry) rose 0.5 percent, and the tertiary (which has to do with services) grew 0.9 percent.

In its annual comparison, that is, the first quarter of this year with that of 2020, Inegi pointed out that there was a fall of 2.8 percent.

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The data marks a decline in the path of the recovery of the Mexican economy, given that the GDP had shown growth of 12.4 and 3.3 percent in the two previous quarters, respectively, although it also ended up being better than expected by analysts or even the same Ministry of Finance, which did not rule out that the data was a rise of zero percent.

The agency already estimated that the rebound of the pandemic at the end of 2020 and the gas shortage that affected Mexico in February due to a winter storm in Texas would affect the progress of the economy.

Other signs of progress in the Mexican economy in the first four months of 2021 are in exports and imports, which grew 3.36 and 3.18 percent, respectively, in the first four months of this year, compared to the same period, but in 2020, the year of the pandemic.

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These factors will be key if the Government wants to meet its forecast of economic growth, which can be up to 6.3 percent, according to the calculation of the Ministry of Finance.

The recovery of the economy in Mexico could end 2021 with a rebound of 5.1 percent, said José Luis de la Cruz, president of the Economic Studies Commission of the Confederation of Industrial Chambers of Mexico (Concamin).

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