In the statements of the president Alberto FernándezArgentina has only been surpassed in economic growth by China.
But the World Economic Perspectives report made by the IMF on the basis of growth for the years 2021 and 2022 for the Americas, shows that growth rates have been higher than expected after the pandemic and the Russian invasion of Ukraine.
According to the IMF, Argentina has accumulated 15 percentage points of growth over the past two years, a figure similar to that indicated by the President. However, the same body points out that there are other economies in the region that have performed better than Argentina in the last two years.
What percentage points reflect America’s economic growth over the past two years?
To name a few: Panama It’s the one that has had the highest economic growth in America, being 24.30 percentage points, a little further away, Colombiawith 18.80 percentage points, followed by Dominican Republic to 17.30 percentage points.
Further away from Panama, they are: Peru with 16.20 percentage points, Honduras with 15.90 percentage points, Argentina with 15 percentage points and kilos with 14.40 percentage points.
Talking with clarioncommented the economist Lautaro Moschet of the Fundación Libertad y Progreso “Argentina is not growing. It is true that he has recovered from the fall suffered in the pandemic, but activity indicators show that the trend has returned to the stagnation of the last decade. The last three Monthly Economic Activity Estimator (EMAE) reports released by INDEC also indicate that the economy has started to decline. These forecasts reflect lower growth and stagnation.
“It’s clear that Far from being one of the fastest growing countries in the world, Argentina has had a rapid recovery from the crisis, but sadly continues with a trend of stagnation. The lack of investment has a negative impact on productivity and therefore the engines of growth shut down”, added the economist.
Fernando J. Genazzini
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.