Analysis: Uruguay is farthest away from pre-pandemic activity levels among MERCOSUR countries

The combined consideration of trajectories for overcoming the crisis triggered by the Covid-19 pandemic highlights the wide disparity among MERCOSUR countries.

RIO DE JANEIRO, BRAZIL - The projected GDP "V-shaped" recovery, forecast at the start of the health emergency, only seems to have occurred in Paraguay and Brazil. In the two River Plate economies - Argentina and Uruguay - the outlook is less encouraging, to the extent that it may be necessary to wait until 2023 to overcome the deep downturn in economic activity that occurred in 2020.

The pandemic has left deep scars at the global level, and among MERCOSUR countries in particular, with significant activity level declines in 2020 and with consequences for employment, poverty incidence, widening fiscal deficits and increased . . .

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