And the hunt for the missing billions in one of germanys biggest foreign scandals. Im joining the with the sports including south a Major League Baseball fan now the Miami Marlins have the Upcoming Games despite as the team battles occurring to find southbank. Countries and cities in asia praise for effectively tackling the pandemic are now raising the alarm over new infections vietnams Prime Minister says every city and province is at risk of an outbreak after being virus free for months hong kongs leaders also warning the city is on the verge of a large scale outbreak and that the Hospital System there is at risk of collapsing. Meanwhile in india a new report says more than half of the people in mumbai slums have had coronavirus about 40 percent of the citys population lives in shanties in the u. K. A report by m. P. s criticizes the government for sending thousands of patients into care homes without testing them britain has imposed a 2 require 900 for people coming from spain as it
Affected companies and disrupted billions of lives and jeopardize development process. The june edition of the world banks Global Economic prospects which motivates todays conversation and visions a 5 1 4 percent construction in global gdp in 2020. This is a different recession sinceworld war ii. And a drop in capital incomes since 1870 and it is a timely and vigorous report informed by an assessment of the fundamental drivers of longterm growth includingthe collapsing investments which will slow capital formation. And the dislocation of trade and supply linkages among others. Beyond the headline Economic Growth numbers the pandemic is having a disproportionate effect on low Income Countries where the dependence on commodity prices, food is the largest and in a way economies are dominated by the factor with which lowers its ability to adjust to measure such as confinement similarly, the most vulnerable populations in the advanced economies are relatively more exports as such a pandemic
Where you are. Thank you for joining us for this Virtual Event on the po postcovid global outlook. Im a senior fellow and vicepresident of the economy and Development Program at brookings. The Global Economy is sharp, unprecedented in its depth. And the pandemic and responses have brought countries and economies to a standstill disrupting billions of lives and jeopardizing decades of development progress. The june edition of the World Bank Global economic prospects which motivates todays conversations envisions a 5 1 4 contraction of global gdp in 2020. This is the deepest global recession since world war ii and the largest collapse in per capita income since 1870. Its a timely report thats informed by assessment of the fundamental drivers of longterm growth, including the collapsing investments which will slow capital formations and in Human Capital and the location of trade and supply linkages among others. The pandemic is having a proportionate effect on lower Income Countries where
From john hopkins showed the crown a virus or past half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks Health Experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new Coronavirus Infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the European Union opens its borders the European Commission declined to comment on the list of countries whose citizens will be allowed to enter the e. U. In the coming days. Were not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. But for the moment do is a process of Decision Making process in the council. And we do not want to speculate on what the final result will be and amid a spike in coven 1000. 00 cases
Data from john hopkins showed the crown a virus surpassed half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks Health Experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new corona virus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the European Union opens its borders the European Commission declined to comment on the list of countries whose citizens will be allowed to enter the e. U. In the coming days. Were not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. But for the moment do is a process of Decision Making process in the council. And we do not want to speculate on what the final result will be and amid a spike in coven 1000.