Right in. And we leave the program with the International Monetary funds announcement that the Global Economic downturn due to the corona virus pandemic will be worse than initial estimates. So compared to the april and Economic Outlook we are projecting a depot downtown in 2020 and a snow to company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent is points below our april focused now this reflects the fact that in the 1st tough economic outcomes came in somewhat worse than we had anticipated and because there is no medical see you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth forecasts for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States. Gates in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one pe
Me to sundry to nobody here in the ugandan capital kampala well uganda like the rest of the world is to buckling the corner virus and while the looked on is slowly being lifted from sector to sector were still registering squad a number of new cases still the show must go on and well put together an interesting set of stories for you. With visit a man in ethiopia who help to bring clean water to his community. We also look at ways that dicta lives can be good and also bad for the environment. And for looking and farmers whove discovered a low quality of side crop raising still wants. To cover it in 1000. 00 has caused us to change the way we do many things like shopping for instance many wonder if it is still safe to do shopping busy Outdoor Markets or even on crowded streets that is partly why Online Shopping is common nowadays whether for clothes or groceries it is becoming boring these days also here in africa one company in zimbabwe for example they live as Fresh Produce and other
Neighboring countries hi sandra and hive us a big hello for me in Lagos Nigeria indeed the pandemic is far from over here have to unfortunately say but because people are staying at home the use of cashless Digital Payment systems has risen by almost 15 percent in the last few months i have a feeling that a lot of things are going to change in africa as a result of coping 19 but here are the who africa we will continue to focus on the important green femurs coming up this week. The environment needs volunteers to help more than ever nowadays will need to kenyans doing what they can to assist. With an on the usual environmental activist from senegal and we will introduce you to us but she up until in ethiopia that had been hunted almost to extinction. Is a famous on the streets of the senegalese capital to call for his outlandish outfit a single handed come pain to raise awareness of the Plastic Waste problem children dont know whether they should laugh at him or be afraid when they see
Launching that service here in the u. S. Later this month. We are staying at home and we want our groceries and other purchases delivered and quickly. And we are on that story throughout the program today. As for the overall market, dead flat following a selloff on tuesday but keep in mind the dow and s p are up 40 from their march lows and the nasdaq is up 50 since then. Pretty impressive. President trump says he will pressure governors to reopen schools in the fall. This is a major step in getting the economy back on track. Kids go back to school, parents can then go back to work. That, of course, will be an issue for sure in the election, where joe biden has the lead in all of the polls, if you believe them, and even some wall street firms are apparently preparing for a biden win. But we have a democrat pollster coming up in a few minutes who says the race is a lot closer than the polls would indicate. Just wait until you hear what congresswoman ilhan omar wants to do to the economy
A massive test and Trace Initiative following a covert 1000 outbreak linked to a wholesale food market in beijing and used added to an isa about higher coronavirus cases in the us the governor of new york warning citizens about the dangers of losing sight of the virus. And fighting the coronavirus pandemic isnt the only problem for the Global Economy as also the u. S. China trade war it started exactly 2 years ago and its still ongoing. But there was surprise of the it may sometimes seem like it but the u. S. China trade war its not the one. Sitting opposite donald trump theres another president brimming with selfconfidence whos determined to make china the worlds economic powerhouse by 2025 but the usa remains in xi jinping is way. The power struggle is sending shock waves around the world with Global Companies caught between the 2 battling giants is what c. E. O. Of Germanys Siemens joe kayser recently told t w so the United States is the number 2 everybodys sort of those well china