Las medidas anunciadas esta semana, tendientes a contener los impactos de la segunda ola, llegan en un mal momento, más allá de la polémica con la educación o los temas institucionales respecto de la...
Latam 8 April 7
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Latam 8 April 7
In 2020 the GDP fell 9.9% recording one of the highest contractions in history. Both private consumption and investment plummeted 13.1% and 13% respectively. According to January data, the recovery is being led by Manufacturing (+4.6% y/y, Construction (+10.2% y/y), and Commercial activity (2.6%). Another sector with a good performance is the one related to exports, boosted by high international prices. For 2021 we have raised our forecast of GDP growth to 7%, but most of this figure will be a statistical effect. FX calm and a controlled number of COVID contagions will be critical to keep the economy on this path.
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