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Argentina’s economy improves but still has not overcome the 2020 drop

RIO DE JANEIRO, BRAZIL - Argentina's economy achieved in the first half of the year a year-on-year improvement of 9.7%. However, activity levels are still far from recovering all the ground lost last year when the already battered economy of the country suffered the onslaught of the Covid-19 pandemic.

According to the National Institute of Statistics and Censuses (Indec), economic activity grew by 10.8% in June compared to the same month in 2020, the fourth monthly year-on-year increase after 19 consecutive months of decline.

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