Argentina's gross domestic product falls by over 26% in April 2020, with construction the worst-hit industry.
CLAIMS. A woman walks past a closed pizza restaurant covered with papers of claims from former employees in Buenos Aires, Argentina, on June 17, 2020. Photo by Ronaldo Schemidt/AFP
BUENOS AIRES, Argentina – Argentina's economy shrank by more than 26% year-on-year in April while also contracting by 17.5% compared to March, the official statistics institute said on Monday, June 29."The COVID-19 pandemic had aConstruction was the worst-hit industry, plummeting 86.4%, with hotels and restaurants not far behind .The news comes with Argentina already reeling from two years of recession., but those measures have been gradually eased in recent weeks.
However, following a spike in coronavirus cases in the capital, a new lockdown has been imposed on the greater Buenos Aires area – home to more than a third of the country's 44 million people – from July 1 to 17. Argentina has recorded almost 60,000 cases, with more than 90% of those in the greater Buenos Aires area, and 1,245 deaths from the virus.
As well as trying to manage the coronavirus crisis, President Alberto Fernandez is also attempting to
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lanka lifts virus lockdown, says 'no community spread'
Read more »
Los Angeles bars ordered to close again as virus spreads
Read more »
Senators: Gov’t ‘mishandling’ led to fast rise in PH virus casesMANILA, Philippines — The World Health Organization (WHO) report that the Philippines had the fastest rise in new coronavirus cases in the Western Pacific region in the past two weeks was the
Read more »
June inflation likely within 1.9 - 2.7 percent: BSP think tank
Read more »
Virus death toll passes 500,000 as U.S. and Brazil cases surgeUPDATED. The global death toll from the coronavirus pandemic has topped half a million, as surging cases in Latin America and the United States prompted some authorities to reconsider lifting lockdown measures.
Read more »