Contraction Mexico

MEXICO CITY, Jan 30 (Reuters) - Mexico's economy shrank for the first time in a decade last year, data showed on Thursday, as businesses reined in investment due to uncertainty over the economic policies of President Andres Manuel Lopez Obrador.
Adjusted for seasonal swings, Latin America's no. 2 economy contracted by 0.1% in 2019 after growth of just over 2% the previous year, according to a preliminary estimate published by national statistics office INEGI.
Gross domestic product (GDP) was unchanged during the fourth quarter compared to the previous three months, INEGI said.
That was slightly better than the consensus forecast in a Reuters poll for a contraction of 0.1%.