In This Edition: The US economy contracted by 9.5 percent in Q2, a record decline. Hong Kong bars pro-democracy candidates from coming elections, drawing international criticism. The WHO warned of a spike in coronavirus cases throughout the Muslim world as a result of the Eid al-Adha holiday. A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.
Vietnam, Japan, Hong Kong, Australia, and parts of China are all seeing a new surge in infections which many fear will become a more sustained second wave. Challenges in different countries reveal the obstacles to maintaining a virus-free nation and cast doubt on the durability of initially promising pandemic response strategies.
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