In the UK Boris Johnson announced a further loosening of lockdown restrictions, reopening most remaining leisure facilities and dropping advice that public transport should be used for essential journeys only.
India surpassed Russia to register the third-highest COVID-19 caseload after the US and Brazil. Governments are tasked with securing growth. Instead of raising taxes and reducing public spending as many did after the last recession, governments are now planning the next stage of fiscal easing.
The speed and severity of the economic downturn has been far greater than the last recession, in 2008–09. The IMF forecasts that world GDP will shrink by almost 5% this year. Growth is coming back as the lockdown eases.
The speed and severity of the economic downturn has been far greater than the last recession, in 2008–09. The IMF forecasts that world GDP will shrink by almost 5% this year. Growth is coming back as the lockdown eases.
COVID-19 has dominated the headlines for the last few months. But now, with the negotiations stepping up and the transition set to end by December, Brexit is moving back into the limelight.
The number of recorded daily new COVID-19 cases worldwide hit a new record last week with Latin America and the Caribbean now accounting for the largest number of cases by major region.
As the lockdown eases the global economy is starting to come back to life. The UK started to emerge from lockdown, with people who are unable to work at home ‘actively encouraged’ to return to work. From next Monday all non-essential shops will be allowed to get back to business.
Your Monday morning coffee briefing from TFG. As countries begin to lift lockdown restrictions, the World Health Organization warned of an “immediate second peak” if measures were lifted too soon. Economic developments in the past few weeks suggest the UK has now passed the peak for both jobs and growth decline.
Your morning coffee briefing from TFG. Countries around the world continue to ease lockdown restrictions. The collapse in the oil price and shrinking demand has sent inflation rates tumbling. Governments in the West are spending and borrowing on a vast scale as they counter the effects of the COVID-19 pandemic.
Your Monday morning coffee briefing from TFG. Economies around the world continue to open up in support of generating economic activities, limited by social distancing restrictions.