New York City Reopens Amid Uncertain Path of Virus

New York City is cautiously reopening, allowing outdoor dining and partial office returns. However, the global economic outlook remains bleak, with the IMF predicting a 4.9% GDP contraction. Despite some optimism about medical advancements, risks like second COVID-19 waves and geopolitical tensions persist. As cases rise across the U.S., states are reconsidering reopening plans, emphasizing mask policies and public health measures to combat virus fatigue and rising infection rates.

What is one of the initial steps New York City took towards reopening?

• Opening all office towers

• Permitting outdoor dining

• Lifting all travel restrictions

• Allowing indoor dining

What is the projected GDP shrinkage according to the IMF?

• 2.5%

• 5.6%

• 3.7%

• 4.9%

What is one of the upside risks mentioned in the economic outlook?

• Higher financial tightening

• More geopolitical conflicts

• Increased trade tensions

• Better news on medical treatments

What is a contributing factor to the rise in COVID-19 cases in the U.S.?

• Complete reopening of all businesses

• Mandatory vaccination policies

• Virus fatigue and sloppy behavior

• Increased travel restrictions

What measure is being updated to help control the spread of COVID-19?

• Travel bans

• Curfew enforcement

• Mask and face covering policies

• School closures