WHO and World Bank report deterioration of global epidemiological and economic situation

WHO and World Bank report deterioration of global epidemiological and economic situation

World Health Organization’s Director-General Tedros Adhanom Ghebreyesus announced at the media briefing in Geneva on June 8 that in the past nine days more than 100,000 daily new COVID-19 cases were reported in the world. On Sunday, more than 136,000 coronavirus cases were reported in a single day. Despite the fact that in Europe the epidemiological situation is improving, globally it is worsening. To date, the WHO registered nearly seven million COVID-19 cases and almost 400,000 coronavirus-linked deaths.

“Almost 75 percent of yesterday’s cases come from 10 countries, mostly in the Americas and South Asia,” said Dr. Tedros Adhanom Ghebreyesus.

The WHO Director-General also noted that most African countries are still experiencing an increase in the number of coronavirus cases. The WHO also sees increasing numbers of COVID-19 cases in parts of Eastern Europe and Central Asia. 

The WHO Chief said that for the countries where the epidemiological situation is improving and shows positive signs, the biggest threat now is complacency.

“Results from studies conducted to see how much of the population has been exposed to the virus show that most people globally are still susceptible to the infection. We continue to urge active surveillance to ensure the virus does not rebound, especially as mass gatherings of all kinds are starting to resume in some countries,” said WHO Director-General Tedros Adhanom Ghebreyesus.

On the other hand, the World Bank confirms a record drop in the global economy. The World Bank experts published the ‘Global Economic Prospects’ report for June 2020.

“The COVID-19 pandemic has, with an alarming speed, delivered a global economic shock of enormous magnitude, leading to steep recessions in many countries. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020 – the deepest global recession since the World War Two. Per capita output will contract the largest fraction of countries since 1870,” the report said.

The World Bank said that advanced economies will see GDP falling 7 percent in 2020. The emerging nations will shrink for the first time in at least six decades due to the global pandemic. Gross domestic product in Emerging Markets and Developing Economies (EMDEs) is projected to contract by 2.5 percent this year. Experts called this decline “the lowest rate since at least 1960, the earliest year with available aggregate data.”

The World Bank predicts a moderate recovery in 2021, with global growth reaching 4.2 percent, and not 2.6 percent, as it was forecasted in January. 

 

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