They point out that the Argentine economy has been one of the most recovering in the region.

However, IARAF also recalled that the economic activity Peru and Argentina fell the most in 2020, with first-half collapses of 17.4% and 12.4%, respectively. In the case of our country, it should be noted that it had one of the strictest quarantines in the region with the aim of preventing Covid-19 infections and adapting a health system that had been affected, which had its logical impact on economic activity.

The third economy that had been hit hardest by the pandemic was the mexican (-10%), which in the first half of 2021 increased by 7.3%.

Meanwhile, the economy Colombian improved by 8.6% over one year over the first six months of the year (compared to a decrease of 7.9% in the first half of 2020, compared to 2019), Chilean 8.8% was reactivated (compared to a decrease of 7.2% last year) and the brazilian it increased by 7% (compared to a contraction of 6.1% in 2020, the weakest in the region).

“After the months of April and May 2020, a sustained recovery process began which saw some decline in the second quarter of this year, due to the impact of the new waves of the pandemic. In June of this year, the economies considered experienced an average growth of 15.3% year on year, approaching the activity levels of June 2019.“, argued the IRAF.