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U.S. will not lift travel restrictions, citing Delta variant -White House

U.S. Centers for Disease Control and Prevention (CDC) director Rochelle Walensky said on Thursday the seven-day average of new cases in the United States was up 53% over the previous week. The Delta variant, which was first found in India, now comprises more than 80% of new cases nationwide and has been detected in more than 90 countries. Psaki also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases.

IMF cuts India’s GDP growth forecast to 9.5 pc for FY22

IMF joins a host of global and domestic agencies which have cut India’s growth estimates for the current fiscal. Last month, S&P Global Ratings projected a 9.5 per cent GDP growth in the current fiscal and 7.8 per cent in 2022-23.

IMF’s Chief Economist Gita Gopinath said IMF estimates the pandemic has reduced per capita incomes in advanced economies by 2.8 per cent, relative to pre-pandemic trends over 2020-2022, compared with an annual per capita loss of 6.3 per cent a year for emerging market and developing economies (excluding China).

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