In This Edition

Key Takeaways

The IMF warns that markets are at risk of a correction. India holds up clearance of Chinese imports after border clash outcry. Locusts threaten crops in Argentina and Brazil. 

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.

New from the IMF: A Grim Economic Outlook

As economists gained a clearer view of the economic damage of the coronavirus pandemic, the IMF found that the impact in the first half of 2020 and prospects for recovery in 2021 are worse than previously anticipated. Overall, the Fund expects global GDP to contract by 4.9 percent in 2020, and to grow by only 5.4 percent in 2021. The report raises serious concerns about the impact of the pandemic on low-income households and international labor markets.

Country in Focus: Chile

In April, Chile was a bright spot in global pandemic containment. Today, Chile has the highest rate of per-capita infection among its neighbors, and the second-highest rate of per capita infection in the world. The Chilean case illustrates the elusive nature of success in containing coronavirus outbreaks, and especially the potentially disastrous effects of ignoring the specific challenges faced by a nation’s poor.

Download the article