Argentina April economic activity plunges 26.4%: stats agency

imageEconomic Indicators6 hours ago (Jun 29, 2020 03:15PM ET)

(C) Reuters. Employees work in a pizza shop as TV announces 97 confirmed cases of the coronavirus disease (COVID-19), in Buenos Aires

BUENOS AIRES (Reuters) – Argentina’s economic activity plunged 26.4% in April, the country’s official statistics agency said on Monday, the first full month after the South American grains producer imposed a nationwide lockdown to stem the spread of the novel coronavirus.

The monthly drop was worse than a 21% decline analysts polled by Reuters predicted. Argentina, which imposed a lockdown from March 20, has extended the quarantine in and around capital Buenos Aires after a sharp recent rise in COVID-19 cases.

Argentina April economic activity plunges 26.4%: stats agency

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