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The latest macroeconomic data shows that the Mexican economy grew by 2.3% year-on-year in December according to preliminary estimates. Such economic growth figures always move the needle in financial markets.
For those trading in crypto, understanding the macroeconomic context is key. When emerging economies like Mexico are on the move, it directly affects capital flows, risk appetite, and investment decisions. A 2.3% year-over-year growth indicates there is movement, albeit moderate.
These preliminary figures are just the starting point. Final numbers may be adjusted, so it's important to stay alert to revisions. In any case, the direction of the Mexican economy matters to traders and investors who monitor regional dynamics and their impact on global assets.