The economy grew 10% in May compared to April, although it fell 20.6% year-on-year

Due to a more significant easing of restrictions, the economy bounced 10% in May compared to April, as reported this Wednesday by the INDEC. However, the Monthly Economic Activity Estimator (EMAE) showed a 20.6% drop compared to the same month in 2019. In the first five months of the year, the EMAE accumulated a fall of 13.2% compared to the same period last year. In April, the economy had collapsed by 26.4%.

Source: Ámbito