Coronavirus briefing: Concern mounts over second wave in the US
- Case growth rates remain high in India and Brazil. Case growth remains stubbornly fast in large parts of Latin America, which the WHO highlighted as a deep concern.
- Europe’s growth rate has fallen below 0.5% and data continues to look broadly positive, with no second wave due to eased restrictions so far. Daily cases have continued to fall in the UK.
- Deaths have continued to decline in the US and the aggregate picture shows improvement, but relatively fast case growth continues in several states. Hospitalisations and case data also suggest a potential rebound in many states such as Texas, California, Arizona and Florida.
- Sweden’s new cases have fallen back to previous levels after a spike at the end of last week.
- Sweden’s deaths recoiled down and still appear to have a downward trend, while the number of patients in hospitals and intensive care has been declining slowly.
- The EU foreign policy chief commented that the EU was making plans for a gradual and partial reopening of its common border for travel from the rest of the world from July 1 onwards.
- Germany will remove travel restrictions for all EU countries from next week. A two-week quarantine requirement will apply on arrivals from Sweden, however.
- Austria removed quarantine restrictions for incoming travelers from 30 European countries, including Sweden.
- In Sweden, medicine for cystic fibrosis is being tested for coronavirus treatment and appears to have helped patients avoid the need for respirator treatment. A larger study with a control group will be conducted.
- The Fed unanimously left its policy rate unchanged at 0-0.25% and expects it to remain at this level until at least end-2022, read more here.
- Swedish household consumption fell by 10% in April compared to the same month last year. The decline was broad but spending on transport and hotels & restaurants weighted the most, read more here.
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