Argentina’s Economy Continues to Recover from COVID-19


direct: Argentina’s economy continues to show early signs of recovery from the “Covid-19” epidemic that has caused widespread lockdowns in order to contain it.

And data released by the government in Argentina on Thursday showed that economic activity in the country increased by 7.4 percent during last June compared to the previous month.

This performance was below analysts’ expectations, which indicated a 10 percent jump last month for economic activity in Argentina.

Argentina’s economic activity stands at a lower level of 12.3 percent last June when compared to the same period last year.

Thus, economic activity continues to rise for the second consecutive month after a state of decline last April, despite the fact that the Argentine economy still has a long way to go.

The Argentine government tightened closure measures again last July after easing restrictions last June, amid a new increase in Corona injuries.

Argentina’s economy is expected to shrink by about 12.5 percent this year as a whole, a performance that would be the worst in the country’s history, with inflation accelerating to 40 percent and unemployment rising 10 percent.

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