Coronavirus briefing: Continued fast case growth in South Asia
- New cases remain stable in Russia and the US and continued to decline slightly in the EU.
- Fast case growth has continued in India, Pakistan, and Bangladesh. Hospitals in Pakistan have warned that they are running out of beds and respiration machines.
- Daily cases have remained stable in Japan and South Korea but stagnate at around 40 per day. Singapore cases remain elevated in comparison but have declined somewhat.
- The WHO warned that the global coronavirus situation is still deteriorating.
- Swedish cases declined slightly but continue to trend up, which experts associate with increased testing in the whole country.
- Sweden’s deaths have continued to trend down, and excess deaths have declined towards normal levels according to Statistics Sweden. The numbers of patients in hospitals and intensive care remain stable.
- Poland closed down its coal mines after an increase in new cases.
- The UK prime minister’s spokesman commented that the government’s plan was to open non-essential shops from June 15 and outdoor spaces in restaurants and bars from July 4.
- Moscow will start to lift remaining restrictions on most services from today. Restaurants may open terraces from next week and kindergartens from June 23.
- Denmark loosened the limit on meetings from 10 to 50 people and plans to loosen them further to 100 in July and 200 in August.
- The Fed expanded its Main Street Lending Program to cover more small businesses.
- The Swedish GDP indicator showed a decline of 7.3% in activity in April compared to the same period last year, driven by weak exports and consumption. The decline was less steep than expected, with support from a weakness in imports.
- Swedish weekly labour market data from PES showed an increase in the number of redundancies from the previous week to 3060. The data now implies unemployment at around 8.6%.
- German data shows that the country’s industrial production fell by almost 18% from March in April, a historically sharp decline.
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