Is the second wave of corona coming?

15 / 06 / 2020
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Fear that a second wave of infections is happening in the U.S. is every day bigger. After reopening of many states’ cases started to rise rapidly so many countries paused its reopening. In the case of the second shutdown, states face budget shortfalls and double-digit unemployment.

On the other side, Latin America is currently in huge problem. Fast spreading of coronavirus in the region’s politics is the result of populist leaders in Brazil and Mexico, Latin America’s two largest nations, played down the seriousness of the virus. Their leaders undermined with their behaviour the medical advice of professionals to stay at home. The result can be plunge tens of millions of people back into poverty and risks triggering a repeat of last year’s wave of violent social protests. It could also spark new debt defaults.

Global stocks fell sharply on Monday after a jump in new coronavirus infections in the US and China stoked investor concerns over the economic impact of the pandemic. European markets and US futures opened the week with significant declines, following broad losses in Asia.

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