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Moody's lowers Mexican 2020 GDP forecast, sees 10% contraction

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MEXICO CITY — Moody’s said in a report on Tuesday that Mexico’s economy could shrink 10% this year after a weaker than anticipated second quarter.

The ratings agency previously estimated the country’s gross domestic product would contract 7% in 2020. (Reporting by Abraham Gonzalez, Writing by Daina Beth Solomon; Editing by Frank Jack Daniel)

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