However, IARAF also noted that The economic activity Peru and Argentina fell the most in 2020, collapsing in the first half by 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 infection and adapting the damaged health system, which had a logical impact on economic activity.
The third economy that was hardest hit by the epidemic was Mexican (-10%), which in the first half of 2021 increased by 7.3%.
Meanwhile, the economy Colombian An 8.6% improvement year-over-year in the first six months of the year (versus a 7.9% decrease in the first half of 2020, compared to 2019), Chile 8.8% reactivated (versus a 7.2% decrease last year) and Brazilian It rose 7% (versus a 6.1% contraction in 2020, the lowest in the region).
“After the months of April and May 2020, the process of sustainable recovery has begun, which witnessed a certain decline in the second quarter of this year, due to the impact of new waves of the epidemic. In June of this year, the mentioned economies grew on average 15.3% year-on-year, approaching activity levels in June 2019.“Keep IARAF.