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Argentina suffering great economic loss from A/H1N1 flu

Updated:2009-07-09 10:36:13

Argentina's economy is headed for a monthly loss of six billion pesos (about 1.57 billion U.S. dollars) because of the A/H1N1 flu spread, a research institute reported on Tuesday.

According to the report, in the past 15 days the spread of the flu has inflicted three billion pesos (785 million dollars) of loss to Argentina, and the monthly loss could add up to six billion pesos, 0.6 percent of the country's GDP.

Though medical and sanitary supplies sales have surged, other sectors including aviation, tourism, food and beverage, and entertainment have all been severely hit, the report said.

Economist Nicolas Brich said that currently the country's commerce and consumption are the two sectors most affected by the flu outbreak, and as it continues to spread, the manufacturing sector will also be affected.

If the flu spread at the speed in Mexico, the country's GDP could suffer a one to two percent loss, Brich said.

The death toll has reached 60 in Argentina. Many provinces and regions, including the capital Buenos Aires, have announced a state of medical emergency since June.




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