Coronavirus briefing: Europe starts to reopen borders
§ According to the head of WHO, the pandemic is
accelerating on a global scale. On Sunday, the WHO reported a record increase in global
§ Stability continues in Europe and Russia. However, Germany saw a jump in the
number of new cases, after a more than 1300 abattoir employees
tested positive for the virus.
§ The overall trend is rising in the US, due the
fast case growth in many southern and western states. Testing has increased as well, but not enough
to explain the increase in cases.
§ In Sweden, the number of new cases, and
confirmed deaths surged at the beginning of the last week. The decline during
the weekend can be explained by the Midsummer celebrations, and the numbers may
be revised upwards later on.
§ US President Donald Trump told thousands of
supporters on Saturday that
he had asked officials to slow down testing for Covid-19 because case numbers
in the country were rising so fast.
§ At it’s June meeting, Norges Bank kept the
policy rate at zero, as widely expected.
§ Initial jobless claims in the US continue to be
high but dropping each week. In week 24, there were 1.50 million claims compared to the
previous week’s 1.57 million.
§ In Sweden, the LFS unemployment rate rose to
8.5% in May, while employment held
up relatively well, and fell only by 0.6% y/y.
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