According to Sputnik news The world is not out of the woods yet on the coronavirus pandemic as the second wave of the COVID-19 could do more harm, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday, warning particularly of more job losses and bankruptcies.
“The exceptional action taken by many countries, including the G20 – through fiscal measures of about $11 trillion and massive central bank liquidity injections – put a floor under the global economy. But we are not out of the woods yet. A second major global wave of the disease could lead to further disruptions in economic activity,” Georgieva said in a blog post to discuss actions needed on the pandemic.
In the United States, the COVID-19 has infected some 3.5 million people and killed almost 140,000, with new record highs being set in some US states for daily caseloads.
Several Asian countries that have eased restrictions and resumed some level of economic activity, including Australia, Japan and South Korea, have in the last month reported new outbreaks numbering in the tens to a few dozens.