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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the heated debate over TikTok rival Triller's user count - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Boris Johnson urged to impose coronavirus lockdown as cases surge - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Zero deaths in Sweden...
Source: BusinessInsider - 🏆 729. / 51 Read more »

IMF hints at improved global GDP forecast but warns of 'difficult climb' ahead - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looking for a Creative Logo, Business Logo, Travel Logo, Branding Logo, Company Logo, Professional Logo, Minimalist Logo, Flat Logo, Logo Design. contact me: SIDHARTH SHUKLA Proud Asimian IPL2020 🤬🤬🤬
Source: BusinessInsider - 🏆 729. / 51 Read more »