Despite one of the world’s longest and strictest lockdowns, the death toll in Argentina keeps rising. The increase in daily deaths from Covid-19 is the sixth highest in the world. More than 10,000 people have died so far. Argentina’s rate of about 234 deaths per million is still lower than its big neighbours — in Brazil and Chile, that rate exceeds 600 deaths per million — but the economic consequences of its lockdown have been especially dire, the Financial Times reported. Andrés Borenstein, an economist at Econviews, a consultancy in Buenos Aires, said Argentina’s economy had been hit twice as hard as its neighbours. The gross domestic products of Brazil and Chile are forecast to decline between 5 per cent and 6 per cent this year, while Argentina’s is expected to shrink as much as 12 per cent, according to a central bank survey. Read more
Location