RIO DE JANEIRO, BRAZIL - The Argentine economy contracted 19.1 percent in Q2 this year as a result of isolation to combat Covid-19. It was the most brutal contraction since statistical records began, exceeding the 16.3 percent drop in the first quarter of 2001, after the collapse of the peso-dollar parity. The National Institute of Statistics and Census published the data as the Minister of Economy, Martín Guzmán, was preparing to introduce the 2021 draft budget to the Chamber of Deputies, which projects 5.5 percent economic growth for next year.
Martín Guzmán . . .