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Coronavirus (COVID-19) Executive Briefing - updated on 2nd September 2020

Understand the COVID-19 outbreak, its impact on the global and regional
economy, and initial implications for specific sectors.

• • Key developments and changes since last update
     The virus has spread to 190 countries, with more than 25 million confirmed cases
     The highest official case counts are in the US, Brazil, India, Russia, Peru, South Africa, Colombia, Mexico, Spain, and Chile
     The number of confirmed cases in the US is around 6 million
     The US has recorded the highest number of fatalities, which exceeds 180,000
     Death rates continue to rise in Brazil and India
     Unemployment in Russia increased from 727,000 in March to 3.6 million in August, according to Labor Minister, Anton Kotyakov; New US jobless claims hover around 1m
     Negative GDP growth is forecast in all countries except China; 2020 consensus forecast for GDP growth is currently -3.9%.
     The Eurozone reports record price deflation for first time since 2016
     India’s real GDP fell 23.1% (YoY) in the quarter, April to June

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