IMF: global downturn worse than forecast in April

COVID-19 complacency is spreading so resurgence is sure to follow.  As cities, states and provinces move to re-open and slack distancing rules, the number of people wearing masks is falling and front-line doctors are worried. Last week, the top U.S. infectious disease specialist Dr. Fauci Anthony Fauci called the coronavirus pandemic his “worst nightmare” and warned that the deadly outbreak is far from over.

Here is a direct video clip.

Thwarting hopes that warm temperatures would slow transmission, COVID-19 is now spreading rapidly in parts of the Southern Hemisphere, from Latin America to Africa, as well as twenty-one U.S. states. See:  Where U.S. corona cases are on the rise.  While some are calling this a ‘second wave’, others are pointing out that the first wave never ended.

Here is a direct video clip.

On June 4, Gita Gopinath, chief economist of the International Monetary Fund (IMF), warned that the global downturn is worse than the IMF had forecast in April and will prompt lowered growth projections in their upcoming June 24 report.

Gopinath speaks in a video recorded June 4 and released Friday as part of the seventh annual Asian Monetary Policy Forum. (Excerpt) Here is a direct video link.

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