MEXICO CITY (AP) — Mexico’s economy entered a technical recession and contracted 0.1% in 2019, the first year of President Andrés Manuel López Obrador’s six-year term, according to fourth-quarter government figures reported Tuesday that confirmed preliminary data from last month. Moody’s Analytics analyst Alfredo Coutiño wrote in a report that economic activity steadily declined over four consecutive quarters last year, qualifying for the technical definition of a recession — “certainly a moderate contraction, but in the end it is a recession.” Mexico’s economy typically decelerates in the first year of a political transition, Coutiño wrote, but last year’s performance was lower than what was seen in the inaugural years of López Obrador’s previous two predecessors. It was also well short of initial forecasts that Mexico’s economy would grow 2% last year. Analysts say policies such as the cancellation of infrastructure projects — like a partially built new airport for the capital that the president is replacing by converting a military base to the north — and revision of energy contracts have spurred investor uncertainty and reticence.Read more on NewsOK.com