Total Environmental Scan

Near-term global financial stability risks have been contained as an unprecedented policy response to the coronavirus (COVID-19) pandemic has helped avert a financial meltdown and maintain the flow of credit to the economy. For the first time, many emerging market central banks have launched asset purchase programs to support the smooth functioning of financial markets and the overall economy. But the outlook remains highly uncertain, and vulnerabilities are rising, representing potential headwinds to recovery. The report presents an assessment of the real-financial disconnect, as well as forward-looking analysis of nonfinancial firms, banks, and emerging market capital flows. After the outbreak, firms’ cash flows were adversely affected as economic activity declined sharply.

CBO presents its projections of what federal deficits, debt, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change.

Nationally, leisure and hospitality jobs have endured by far the largest losses of any major industry. A review of U.S. Department of Labor jobs data for August, however, shows vast differences in how the industry has held up across states. Seven had incurred sharp reductions of a third or more from February’s pre-pandemic employment totals. A few others, meanwhile, had largely recovered from an initial wave of layoffs and were down less than 10%. For areas that lean heavily on tourism and hospitality, how the industry recovers matters not only for regional economies, but also for the vital tax dollars generated to fund state and local government budgets.

With the widespread rollout of COVID-19 vaccines globally, some countries have started to consider mandatory vaccination, although no country has yet to make vaccines mandatory for its population. While COVID-19 has resurfaced the debate on vaccination policies, it has been an important topic for many other diseases. The World Health Organization (WHO) estimates that vaccines save two to three million lives each year (excluding COVID). The development of vaccines against vaccine-preventable childhood diseases has been a key driver in the decline of child mortality.

The site offers analysis and resources to better understand how coronavirus is impacting people who are incarcerated. The COVID Prison Project tracks data from all 50 US states, Puerto Rico, the Federal Bureau of Prisons, and Immigration and Customs Enforcement (ICE).

Chances are that you believe you are in the middle class—nearly everyone in the United States does. Doctors and lawyers believe they are middle-class; so, too, do welders and waiters. In a 2015 Pew survey, only 10 percent of Americans said they considered themselves lower-class and just 1 percent thought they were upper-class.

Earnings have been flat or stagnant for many middle-class workers in the United States while health care, education, and housing costs are rising. Surveys show that Americans accurately perceive these pressures too and share a broad belief that the middle class is struggling. Seven in ten respondents to a Northwestern Mutual survey said that the middle class was staying the same or shrinking. One-third said the middle class might disappear entirely.

The Global Competitiveness Report series has since its first edition aimed to prompt policy-makers beyond short term growth and to aim for long-run prosperity. The 2020 special edition is dedicated to elaborating on the priorities for recovery and revival, and considering the building blocks of a transformation towards new economic systems that combine “productivity”, “people” and “planet” targets.

What is already known about this topic?

The COVID-19 pandemic caused approximately 375,000 deaths in the United States during 2020.

What is added by this report?

The age-adjusted death rate increased by 15.9% in 2020. Overall death rates were highest among non-Hispanic Black persons and non-Hispanic American Indian or Alaska Native persons. COVID-19 was the third leading cause of death, and the COVID-19 death rate was highest among start highlightnon-Hispanic American Indian or Alaska Native personsend highlight.

What are the implications for public health practice?

Energy transition and the global economy

The global economy has suffered a significant slowdown amid prolonged trade disputes and wide-ranging policy uncertainties. While a slight uptick in economic activity is forecast for 2020, the World Economic Situation and Prospects 2020 warns that economic risks remain strongly tilted to the downside, aggravated by deepening political polarization and increasing scepticism over the benefits of multilateralism. These risks could inflict severe and long-lasting damage on development prospects. They also threaten to encourage a further rise in inward-looking policies, at a point when global cooperation is paramount.