section_path: Economic impact by continent, region and country/South America/Argentina
section_name: Argentina
paragraph_text: Argentina
  
  On 19 March, Argentina entered a nationwide lockdown. In response to the economic halt, on 24 March, the executive decreed the payment of a one-time welfare benefit to the lowest earning self-employed taxpayers left with no sources of income in their household.
  
  On 22 September, official reports showed a record 19% year-on-year drop in the GDP for the second quarter of 2020, the biggest drop in the country's history. Investment fell 38% from the previous year.