Aug 2020. Peru Economy hit by Covid

August 2020. The country, often cited as a poster child for economic development and home to 32 million people, registered more than 2,000 pandemic-related deaths in the first two weeks of June alone. It now has the third-highest reported case total in the World Health Organization’s Americas region, behind the US and Brazil. Unlike those two bigger countries, Peru was widely recognized for proactive efforts to stem the spread of the coronavirus at an early stage. But while these efforts contributed to a 40% decline in GDP in April compared with the same month last year as official commercial activity dwindled, the outbreak only continued to worsen. The WHO recently warned that the pandemic is accelerating in a number of low- and middle-income countries similar to Peru – where inadequate healthcare systems are an ongoing problem, and many people are unable to feed their families without risking their lives by continuing to work unofficially.

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