In This Edition

Key Takeaways

The UN cancelled the annual General Assembly. WHO walks back comments on the rarity of asymptomatic transmission. OECD warned that wealthy countries face a “dire and long-lasting” scar from the COVID-19 triggered recession. 

Condition Updates 

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state. 

Climate Change and the Implications of COVID-19

Although many saw drops in carbon emissions as a silver lining of the pandemic, the real picture is more pessimistic. However, two policies - carbon taxes and decreased fossil fuel subsidies - may take hold, and the financial sector has begun to emphasize the risk of fossil fuel exposure. Nevertheless, crowded policy agendas and economic necessity may yet force climate change to the back burner. 

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