The world economy is entering the second half of 2020 still deeply weighed down by the COVID-19 pandemic, with a full recovery now ruled out for this year and even a 2021 comeback dependent on a lot going right.
Even with those rescue efforts, the world is still suffering its worst economic crisis since the Great Depression. While some gauges of manufacturing and retail sales in major economies are showing improvement, hopes for a V-shaped rebound have been shattered as the reopening of businesses looks shaky at best and job losses risk turning from temporary to permanent.
Central bankers remain on the alert to do more. Federal Reserve Chairman Jerome H. Powell has warned that the outlook is “extraordinarily uncertain” and European Central Bank President Christine Lagarde has spoken of a “restrained” recovery that will change parts of the economy permanently. In South Korea, which flattened its infection curve months ago, the emergence of new virus clusters is casting a chill on shoppers.
It also means that fast-expanding emerging economies won’t be the global growth engine they have been, with the World Bank predicting this group of countries will shrink 2.5% — their worst performance in data that starts in 1960. Latin America is now on the front lines of the virus. That borrowing won’t come without side effects, such as keeping zombie companies going, according to Alicia Garcia Herrero, chief Asia Pacific economist with Natixis.
You mean CoV2, covid is the illness. Those who have been ill will test positive for CoV2 for months as the test detects the dead virus
For the day of the lord is near upon all the heathern as thou hast done, it shall be done unto thee: thy reward shall return upon thy own head.
This is where they suck the hope out of the room and fill it with fear. This is where they hold the American dream for ransom. This is the do what we say or else moment. The its time for you to start policing your neighbors moment. The beg for a vaccine to end this moment.
Thanks to all the protestors, everyone will have been exposed to the virus soon. And we are on track to recovery sooner than expected.
plandemic (:~:)
AMLOistheshameofmexico
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: TheEconomist - 🏆 6. / 92 Read more »
Source: latimes - 🏆 11. / 82 Read more »
Source: etnow - 🏆 696. / 51 Read more »