Vietnam vs coronavirus (round 2): After going three months with no local transmissions of COVID-19, Vietnam is worried about a resurgence of the disease after a recent outbreak in the coastal city of Da Nang that has already spread to 11 other locations throughout the country. Authorities in Vietnam — widely considered a global success story in handling the pandemic thanks to its aggressive testing, contact-tracing and quarantines — believe the Da Nang outbreak is tied to an influx of domestic tourism there after lockdown restrictions were recently eased by the government. As a precaution, they have converted a 1,000-seat Da Nang sports stadium into a field hospital to treat the sick in case local hospitals become overwhelmed. More than 1,000 medical personnel, assisted by Cuban doctors, have been sent there to screen residents, and the capital Hanoi plans to test 72,000 people who recently returned from Da Nang. Will Vietnam prevail again in its second battle against COVID-19?
What We're Watching: Hong Kong's end, the Belgian King's "apology," a small swatch of justice for the Rohingya
Hong Kong's end? Last month we mulled the question: is Hong Kong as we know it over? As of yesterday, the answer is: yes. China has now implemented a new national security law for the city, which criminalizes secession and collusion with foreign forces. The law in effect ends the autonomy granted (by international agreement) to Hong Kong when it reverted from British control to Chinese rule in 1997. Critics fear it will be used to stamp out the remnants of the pro-democracy protests that erupted last year in response to a separate attempt by Beijing to expand its writ over the city. We're watching to see what the city's fearless but increasingly encircled protesters do now. And we're also eyeing the reaction from abroad. Washington has begun rescinding Hong Kong's special trade and investment privileges, and will now treat the city the way it treats the rest of China. The move is meant to punish Beijing, but unlike twenty years ago when Hong Kong accounted for a fifth of China's economy, today it's less than four percent. Those who suffer most may be Hong Kongers themselves.
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Latin America's economic pain: Back in April, the International Monetary Fund (IMF) predicted that the pandemic would push Latin America into its worst recession in half a century, plunging a third of the population into poverty. That, it turns out, was the rosy view. The IMF now says, "the human toll has gone up," projecting that the region's economy will contract by 9.4 percent in 2020, a sharp drop from April's forecast of a 5.2 percent recession. Government-mandated lockdowns and travel restrictions have hit emerging market economies in the Caribbean and Latin America particularly hard because many of them rely on jobs in the informal sector and tourism industry to keep afloat. Taken with the effects of shutdowns in China, Europe, and the US, which have cratered demand for Latin America's exports while also decimating remittances, the region's economic recovery could take many years.
There's a big vote in the UK today, how likely will Brexit be delayed?
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