Trump taking hydroxychloroquine against Covid-19; IMF chief says full economic recovery unlikely in 2021; Italy records lowest deaths since March. Follow the latest updates
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The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.
Managing Director Kristalina Georgieva said the Fund was likely to revise downward its forecast for a 3% contraction in GDP in 2020, but gave no details. That would likely also trigger changes in the Fund’s forecast of a partial recovery of 5.8% in 2021.
US President Donald Trump said on Monday he would issue a statement about the World Health Organization in the near future and said it had “done a very sad job” in its handling of the coronavirus.
Trump told a White House event he would make a decision about US WHO funding soon, and that he had he considered reducing it to $40 million, but some felt that was too much. Asked why he had not addressed a virtual ministerial meeting of the WHO earlier in the day, he replied:
“I chose not to make a statement today. I’ll be giving them a statement, sometime in the near future, but ... I think they’ve done a very sad job in the last period of time.”
from The Guardian https://ift.tt/2TkbCQV
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