LATAM | Recovery Tracker slows on Argentine, Chilean travails

Our Latin America Recovery Tracker (LART) rose 0.5pts during the week ending May 21 – a considerable slowing after the 3.6pt gain in the previous week. Sharp contractions in Argentina and Chile partially offset gains elsewhere.

What you will learn:

• Brazil and Mexico are neck-and-neck in the race to return to pre-pandemic activity levels, outpacing the regional average. Colombia is third, after catching up to the regional average, and Peru surpassed Argentina. Chile remains last.
• Mobility receded in Argentina, Chile, and marginally in Brazil. Meanwhile, the Covid death toll in Argentina, Colombia, and Peru rose. Across the region, only Mexico seems to have the third wave well under control.
• Except for Argentina, most governments are easing restrictions – even if marginally – as the third wave of infections slows.