The first country to fall due to the epidemic appeared! Latin America“s third largest economy, with a higher per capita GDP than China

2020-08-12 08:02:50 0 Comment 155 views
abstract

According to the latest news, as of the 22nd of this month, the cumulative number of confirmed patients with new coronary pneumonia worldwide has exce

According to the latest news, as of the 22nd of this month, the cumulative number of confirmed patients with new coronary pneumonia worldwide has exceeded 2.48 million, and the number of deaths 17 exceeded 170,000. Zhu Min, former vice president of IFM, said in an interview a few days ago that in the context of the global pandemic, it is a certain fact that the global economy is heading for recession, but it is too early to determine that it is the Great Depression. But what I didn't expect was that just after this judgment was issued, the first country would "fall down" first.

The first country to fall due to the epidemic appeared! Latin America“s third largest economy, with a higher per capita GDP than China

Accepted by Argentine Minister of Economy Guzman on April 19 Foreign media said in an interview that it announced that the Argentine government has been unable to repay its debts and will once again propose a comprehensive debt restructuring. It is understood that Argentina should pay a total of 500 million US dollars on the 22nd of this monthDebt, under the influence of the epidemic, the government has adopted extremely strict epidemic prevention measures, which has caused the domestic economy to be almost unable to function and naturally unable to repay the debt. The country’s “falling down” is really helpless.

The first country to fall due to the epidemic appeared! Latin America“s third largest economy, with a higher per capita GDP than China

In fact, Argentina is not poor, it can be said to be One of the developing countries with strong overall national strength in the world, it is also the third largest economy in Latin America. It is said that there is the United States in the north and Argentina in the south. In the last century, Argentina was once a developed country, and its per capita income remained in the top ten in the world for 30 years. Until 2019, Argentina’s per capita GDP was higher than that of China.

However, after the Falklands War broke out with Britain, the Albanian army was defeated., Politics have had an extremely profound impact. Over the years, Argentina's domestic economic problems have been plagued with problems, and it has never been able to overcome the income trap of the middle country. It has owed huge foreign debts and cannot be repaid. It has naturally become a well-known "old man" in the international community.

The first country to fall due to the epidemic appeared! Latin America“s third largest economy, with a higher per capita GDP than China

According to official data, as of the end of 2019, the Argentine government The scale of foreign debt has reached 270 billion. At the end of 2021, Argentina needs to spend at least US$10 billion to repay its existing foreign debts, but now, "default" is inevitable.

So how strict are Argentina's measures, so that they can drag the country's economy down? According to previous news reports,The Argentine government has restricted the opening of almost all places where cross-infection may occur. Schools are closed, land, sea and air borders are completely closed, and residents are not allowed to leave their homes at will.

The first country to fall due to the epidemic appeared! Latin America“s third largest economy, with a higher per capita GDP than China

As of April 22, the country has confirmed 3144 For example, the number of deaths is 151. It can be said that the measures taken by the country have indeed effectively controlled the rising situation of the epidemic, but undoubtedly also sacrificed most of the economic data. However, despite this, Argentine Prime Minister Fernandez still insists that the decline of the economy can be recovered, but the lost lives cannot be saved. Obviously, this time Argentina would rather sacrifice the economy to preserve the lives of the people. Compared with the United States, which is still open to theFrom a perspective, Argentina's approach is more preferable.

Next, Argentina will need at least 3-5 years to improve this crisis, but on the other hand, this crisis also shows that those countries that are extremely dependent on international capital are about to suffer hard times. . Even for us, this crisis has sounded the alarm, and we must take precautions against it.

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