Much of the world’s population from Europe to Africa to Latin America is living under some kind of coronavirus-related restrictions. While financial markets have recovered some footing in recent days after huge losses this month, investors remain anxious about the long-term economic damage from prolonged shutdowns of the world’s productive capacity, with recession appearing certain. Asian markets were mixed on Thursday.
Here are some significant developments:
- As of Wednesday evening, more than 900 people in the United States had died from complications of the virus, according to tracking by The Washington Post.
- Lawmakers and the White House were bombarded by lobbyists and special interest groups seeking assistance during the negotiations over Congress’ package, and the price tag rose from $850 billion to $2.2 trillion in just a matter of days.
- In the United States, upwards of 13,000 new cases were reported since Tuesday, bringing the nationwide total to more than 67,000 cases, while testing capacity still remains comparatively limited.
- The national death toll in Spain surpassed 3,400, making it the world’s hardest-hit country after Italy.
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