IMF economic outlook: Lifting lockdowns won't help recovery until cases fall - Business Insider

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Lifting lockdowns is unlikely to boost the economic recovery as long as cases remain elevated, IMF says

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Reversing lockdown measures while cases remain elevated is unlikely to drive a robust economic recovery, the International Monetary Fund said in a ThursdayResearchers at the organization found that voluntary quarantining plays a substantial role in stifling a rebound as fears of contracting the coronavirus keeps consumers from boosting economic activity.

Researchers at the organization found that although quarantine orders contributed to the second quarter's historic drop in gross domestic product, relaxing such measures won't yield a proportional rebound on its own. Fear of contracting the virus also kept consumers indoors and exacerbated the global recession. Lifting lockdowns can prove ineffective if heightened infection rates lead people to voluntarily quarantine, the IMF said.

The data should warn policymakers against prematurely lifting lockdown measures before infection rates trend lower, the IMF said.

 

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This is completely wrong! Stop making up stories that are not true.

That's unfortunate, but not surprising. COVID cases continue to increase, eliminating the interest in going outside.

Florida is a prime example

Is that danielricciardo ?

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