Peru, among the countries worst hit by the coronavirus pandemic, has actually seen gross domestic product (GDP) plummet by more than 40 percent year on year in April, the federal government stated Monday.
Mining production fell sharply in one of the world ' s biggest producers of copper, gold and silver, contracting by more than 42.29 percent in April.
Total economic activity fell 40.49 percent, the nationwide data institute stated.
The sharp fall in April “reflects the underperformance of many efficient sectors, with an impact on trade, production, building, mining, hydrocarbons, transport, hotels and organisation services,” it said.
The Peruvian economy, among the strongest in Latin America over the last decade, had currently contracted more than 16 percent in March.
Before March, the Andean country registered 127 months of consecutive development.
Despite a lockdown in place since March 16, Peru is the 2nd worst-hit nation in Latin America after Brazil, with almost 230,000 cases and nearly 7,000 deaths from COVID-19
The centrist government of President Martin Vizcarra rolled out a series of economic measures consisting of a help plan to more than 6.5 million homes.
However, Vizcarra was later forced to extend the present quarantine up until June 30, making Peru ' s one of the world ' s longest lockdowns.
