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
Are projecting a deeper downtown in 2020 and a c. E. O. Of a company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent 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 was 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 242021 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 in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed to a catastrophic toll on the labor market due to the pandemic saying their client in work hours for the 2nd quarter wil
Announcement that the Global Economic downturn due to the corona virus pandemic will be worse than initial estimates so compared to the april 1 of the Economic Outlook we are projecting a deeper downtown in 2020 and a c. E. O. At a company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent points below our april focused now this reflects the fact that in the 1st half economic outcomes came in somewhat worse than we had anticipated and because there is no medical suit you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth for crest 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 in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 perce
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 in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed to a catastrophic toll d on the labor market due to the pandemic saying there quine in work hours for the 2nd quarter will be the equivalent of losing 300000000 full time jobs worldwide the funds chief economist also spoke about the unpredictable nature of the pandemic making it difficult to judge where the worlds economy will head in the near future so there is tremendous uncertainty around the focused on the one hand you could get positive news you could have this news on the scenes and on treatments and great a policy support and that can trigger a fast as a company. But on the other hand there are
Reporter we are in south san jose at the scene of a quadruple fatal crash. It appears alcohol was involved. Still an active scene on highway 85 southbound. It has been closed for much of the night but will reopen in a few hours. It began around 10 23 pm last night when the chp says this durango was speeding on highway 85 in your cottle road. The driver somehow lost control and the suv rolled over several times and it came to a rest on its wheels. Three male passengers died and a woman was taken to the hospital, where she died later in the night. One of the passengers was actually ejected and the remains were found a short distance away. A fit passenger had minor injuries and the chp took the driver away in handcuffs. The driver of the vehicle, the male driver, was between the age of 25 to 30 and had been placed under arrest for suspicion of driving under the influence. Traffic is being diverted onto cottle road. It should be open sometime around 8 am. In south san jose, kpix 5. To get