Latin America's Economic Recovery Is Beginning To Show Bright Spots in China-Latin America Cooperation(1)

Recently, Latin America and the Caribbean have shown a momentum of economic recovery, and many international organizations have raised their economic growth forecasts for the region this year. Experts believe that the economic recovery in Latin America is mainly driven by factors such as rising international commodity prices and accelerated resumption of production in many countries. It will still be affected by the epidemic in the short term, and will face challenges such as high debt and structural problems in the long term. It is worth noting that the bright spots of China-Latin America economic and trade cooperation have appeared frequently, which has become an important driving force for the economic recovery of Latin America.

The recovery momentum is dazzling

Driven by factors such as accelerating vaccination, resumption of work and production, rising international commodity prices, and the recovery of major global economies, the recent recovery momentum in Latin America has been impressive. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) predicts that the region's economy will grow by 5.2% this year, and the economic growth of Argentina, Brazil, Mexico and other countries is expected to exceed 5%.

According to data released by the National Institute of Statistics and Census of Argentina, thanks to the recovery of construction, industry, trade and other fields, Argentina's economic activity in May increased by 13.6% year-on-year.