📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

Latin America's COVID-19 deaths seen hitting nearly 390,000 by October

Published 2020-06-24, 09:18 p/m
© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in Rio de Janeiro

By Anthony Esposito

MEXICO CITY (Reuters) - The death toll from the coronavirus in Latin America is expected to skyrocket to 388,300 by October, with Brazil and Mexico seen accounting for two-thirds of fatalities as other nations in the region contain their outbreaks, researchers said on Wednesday.

The region has emerged as a new global hotspot for the fast-spreading pandemic as deaths surpassed 100,000 this week and cases have tripled from 690,000 one month ago to 2 million.

High poverty levels and large informal sectors - which mean many workers cannot afford to quarantine - have combined with overcrowding in cities and inadequate public healthcare, particularly in isolated rural communities, to hamstring Latin America's fight to stem the contagion.

Brazil is expected to exceed 166,000 deaths and Mexico 88,000, according to the forecast from the University of Washington's Institute for Health Metrics and Evaluation (IHME).

Argentina, Chile, Colombia, Ecuador, Guatemala and Peru are each forecast to see over 10,000 fatalities, while 15 nations including Paraguay, Uruguay and Belize are seen with fewer than 1,000 deaths each.

"Several Latin American countries are facing explosive trajectories, while others are containing infections effectively," said IHME Director Dr. Christopher Murray.

IHME researchers warned that the loss of life could surge even higher than the already-grim forecast if mandates on mask wearing and social distancing are relaxed.

In a worst-case scenario, the COVID-19 death toll could climb to 340,476 people in Brazil and 151,433 people in Mexico, the report said.

The leaders of Brazil and Mexico have been chastised for not taking the virus seriously enough and pushing for a reopening of their economies before the virus has been tamed.

"Brazil is at a grim tipping point. ... Unless and until the government takes sustained and enforced measures to slow transmission, the nation will continue its tragic upward trajectory of infections and deaths," Murray said.

As Brazilian President Jair Bolsonaro has continued to downplay the seriousness of the health crisis, Latin America's largest nation has tallied nearly 1.2 million cases and 53,830 deaths.

Transmission could be cut in half in communities where people are wearing masks when leaving their homes, according to the IHME.

"Increased testing and use of masks are important tools in reducing the toll of this pandemic in Mexico, in addition to keeping healthy distance," said Dr. Rafael Lozano, director of Health Systems at IHME.

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in Rio de Janeiro

If mask use rises to 95%, Brazil could see as few as 147,431 deaths and Mexico's forecasted death toll could fall to 79,652, the researchers said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.