IMF Downgrades Global Economic Forecast

As governments around the world battle the economic fallout of the COVID-19 pandemic, the International Monetary Fund (IMF) has published a further grim forecast, predicting a 4.9% contraction in global GDP (gross domestic product) for 2020, a lower figure than the 3% forecast in April, CNBC reports. The IMF also downgraded its GDP prediction for 2021, lowering it to 5.4% from the 5.8% forecast in April.

US-Russia Agree On Talks To Prevent News Arms Race

U.S. and Russian negotiators have agreed to continue talks on how to prevent a new nuclear arms race. Still, concerns remain over China’s opposition to being included in the negotiations.

US moves aircraft carriers to Taiwan Strait in South China Sea

In a display of power, the US Navy now has three aircraft carriers to the Taiwan Strait in the South China Sea, Fox News reported Monday. This is the first three-carrier mission to take place in several years and it reportedly sends a message of deterrence to China.

Italian infectious diseases specialist says COVID-19 may die out on its own without vaccine

An infectious diseases specialist in Italy has said he believes the COVID-19 virus has weakened and may disappear by itself without a vaccine, Fox News reported Monday. Dr Matteo Bassetti, head of the infectious diseases clinic at San Martino hospital in Genoa, said the virus weakening may be caused by genetic mutations resulting from lockdown and social distancing measures.

US-Russia Unfreeze Nuclear Talks Amid Cold War Tensions

The United States and Russia have restarted negotiations about their nuclear arsenals following a break of more than a year amid the worst military tensions between the two atomic superpowers since the Cold War. But the talks in Vienna, Austria, began Monday amid uncertainty over whether U.S. President Donald Trump wants to secure a nuclear arms control treaty in the last four months before presidential elections.

Serbia’s Populists Expected To Win Vote

Serbia’s ruling populists were due to tighten their grip on power in the first European national election since the coronavirus pandemic. Voting began Sunday in the, heavily Orthodox, Balkan nation despite concerns about ongoing COVID-19 cases and what critics view as the autocratic style of the current president.

Europe’s Top Court Overturns Hungary’s ‘Authoritarian’ NGO Law

The European Union’s top court ruled Thursday that Hungary’s legislation requiring non-governmental organizations to reveal their foreign donors is against EU rules. The Luxemburg-based Court of Justice of the EU (CJEU) condemned a law that forces NGOs receiving at least 7.2 million Hungarian forints ($23,000) to register with authorities.

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