Peru's Economy Sinks 40% Amid Covid-19 Pandemic


Amid strict lockdown procedures imposed to reduce the spread of the Covid-19 coronavirus, Inei, the Peruvian official statistics agency, reported that nation's economic activity in April shrank by about 40.49% compared to April 2019. This sharp drop is largely due to reduction of tourism and a drastic scale-back in mining operations, which represent about 60% of Peru's exports. However, as full mining operations were allowed to resume in May, some economists believe that the nation will soon see some economic recovery.  

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As of now, Peru has reported over 241,000 confirmed cases of the Covid-19 coronavirus alongside over 7,250 Covid-19-related moralities. So far, at least 129,000 people have recovered.

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Peru was one of South America's first nations to impose lockdown protocols to combat Covid-19, and though police forces and military personnel were deployed to enforce procedures, analysts say that many people disrespected the protocols and some of the protocols were not the most effective.

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Note: The statistics and numbers from this article are from the Peruvian Ministry of Health (https://www.gob.pe/minsa/), the Johns Hopkins University (https://coronavirus.jhu.edu/map.html), and the World Health Organization (https://covid19.who.int/). The numbers are accurate as of June 17th, 2020, at 18:24 local Vancouver time. All images in this article were from the public domain and do not require attribution or citation for commercial use. 

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AverageVancouverite
AverageVancouverite

Hey there! I'm just an average Vancouverite who has been mining for several years now, and have used everything from GPUs to ASICs and from CPUs to USB miners! I also write about global news with the World International News Group and do some photography!


World International News Group
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