Experts warned the looming global recession could be the worst in decades.
France said Wednesday it would extend a lockdown aimed at slowing the spread of the coronavirus as the death toll soared across Europe and the US -- though Washington said it saw"glimmers of hope" on the horizon.
In France, one of the hardest-hit nations in Europe with more than 10,000 deaths, President Emmanuel Macron will address the nation next week to explain the path forward. In New York, the epicentre of the US outbreak, the state's governor noted the new single-day high for virus deaths at 779, but offered an optimistic view for the weeks to come.
The head of the World Trade Organization, Roberto Azevedo, issued a dire warning, saying the economic fallout from the health emergency could be"the deepest economic recession or downturn of our lifetimes".Gross domestic product in export powerhouse Germany is expected to shrink by nearly 10 percent in the second quarter, the country's leading research institutes said.
In Spain, another 757 deaths were reported Wednesday, bringing the toll up for a second day after several days of decline.
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