International Writing, May 26 . .- The American economy is experiencing one of its most difficult moments with an increase in unemployment, closure of companies and productive paralysis. This Tuesday, there was a new victim: Latam airline, the largest in Latin America, that filed for bankruptcy in its country of origin, Chile, as in Peru, Colombia, Ecuador and the United States, due to the “unprecedented impact” of COVID- 19.
This data did not prevent the New York Stock Exchange – for the first time physically open since March 19 – from closing in green and that the parques of the region presented mixed results.
According to data from the World Health Organization (WHO), deaths from COVID-19 worldwide amounted to 344,454 and the global number of cases to 5.37 million, with 80% of infections concentrated in Europe. and America, the most affected region.
In the American continent, the curve continues to rise between the two countries with the highest number of infections in the world, the USA. with 1.6 million infections and 348,610 deaths and Brazil with 391,222 cases and 24,512 deaths, amid forced reopens that, in certain cases, have shown total disorder and lack of control.
Faced with these data, the director of the Pan American Health Organization (PAHO), Carissa Etienne, affirmed that “our region has become the epicenter of COVID-19,” and indicated that “it is not a time for distractions” and it is It is important to continue with public health measures, including social distancing. “
THE WORST TIME FOR BUSINESS
According to the study released this Tuesday by the Brazilian center for economic studies, Getulio Vargas Foundation, the business environment in Latin America fell from 14.1 negative points in January to 60.4 negative points in April, its worst historical level, as an effect of the pandemic.
And it is that the post-COVID-19 economy is as concerned as the control of the disease in the region.
Therefore, the UN, Canada and Jamaica convened on Tuesday for May 28 a virtual high-level meeting with heads of state and government from around the world to seek and coordinate “global solutions” to the global economic crisis caused by COVID-19.
LATAM, A NEW VICTIM OF CORONAVIRUS
In this framework, the Latin American airline Latam declared its bankruptcy, just as Avianca – a company with the Colombian flag – had already done, which in practice amounts to declaring bankruptcy for the “unprecedented impact” of COVID-19.
The airline explained that it filed for bankruptcy law 11 in the United States, a week after having cut off 1,400 of its workers as a result of the economic consequences of the pandemic.
Situation that put the Sebastián Piñera government in the dilemma of directly supporting one of the most emblematic companies in the southern country, which in the last 24 hours accounted for a total of infections of 77,961 and 806 deaths.
In this regard, the International Air Transport Association (IATA) indicated that the crisis caused by the pandemic, which left 90% of the world’s air fleet on the ground for months, will increase airline debts by 20% to total 550,000 million of dollars at the end of the year.
VENEZUELA MAY EXPLODE
The NGO Humans Right Watch (HRW) and the Johns Hopkins University Centers for Public Health and Human Rights presented a report demanding urgent humanitarian aid from the international community so that Venezuela can face the COVID-19 pandemic.
1,121 infections and 10 deaths from the new coronavirus have been officially registered in the South American country, but according to the NGO, the real number should be much higher due to the limited availability of reliable tests, the lack of transparency of the administration and even “the persecution against health professionals and journalists who question the official version. “
“We are facing a very serious situation. Lack of water in hospitals was already a huge problem for the collapsed Venezuelan health system before the pandemic. Now, doctors do not have water to wash their hands, which is one of the basic measures for prevent contagion, “explained José Miguel Vivanco, HRW director for the Americas, in a videoconference.
USA CONTINUE TO REOPENING
In the US, President Donald Trump announced, through his spokesperson, Kayleigh McEnany, that he plans to hold the G7 face-to-face summit at the White House “towards the end of June” as a great “example” of the reopening after the crisis of the coronavirus.
“As the US reopens, we are trying to get closer to a certain normality … The president believes that there would be no better example than to hold the G7 here,” McEnany said of the gradual lifting of the restriction measures on mobility in most states of the country.
And it is that the New York Stock Exchange resumed its activity with the presence of only a quarter of workers and operators in an opening marked by the new reality of the coronavirus and in which the state governor, Andrew Cuomo, gave the start bell of operations dressed in a mask and under the motto “together we are stronger”.
DESPITE EVERYTHING, THE PARTY WANTS TO CONTINUE …
With a crisis in Brazil, where the situation in prisons once again set off alarms at the progress among prisoners of the coronavirus, and with Mexico’s gross domestic product (GDP), which contracted 1.4% in the first quarter of 2020, cases of social indiscipline are repeated in different parts of the continent.
In Argentina, where there has been a reversal in the opening and where the quarantine has been extended until June 7, the bride and groom, a rabbi and relatives of a couple were arrested for celebrating a wedding although it is prohibited.
The Public Prosecutor’s Office received complaints from neighbors and ordered the deployment of the City Police, which could not prevent the wedding from taking place on Sunday afternoon but prevented more people from entering the party.