NSTworld: Alongside the personal tragedies and the pressure on overburdened hospitals, there has been a stark economic toll, with the World Trade Organisation warning of the “worst recession of our lifetimes.”
In a locked-down New York, the UN Security Council was to meet on the pandemic for the first time. And, by video conference, EU finance ministers are wrangling over how to bail out their worst hit members Italy and Spain.
The US Federal Reserve threw out just such a lifeline to Americans, with chairman Jerome Powell announcing financing facilities of US$2.3 trillion “to provide as much relief and stability as we can during this period of constrained economic activity.” People pass by a closed movie theater on April 09, 2020 in New York City. - America's coronavirus epicenter of New York recorded a new single-day high of 799 COVID-19 deaths Thursday but Governor Andrew Cuomo said the rate of hospitalizations continued to fall. Alongside the personal tragedies and the pressure on overburdened hospitals, there has been a stark economic toll, with the World Trade Organisation warning of the “worst recession of our lifetimes.
In Italy, the country’s youngest Covid-19 patient, a 2-month-old baby girl, was reportedly released from hospital, a moment of hope amid 18,279 deaths. One hundred Italian doctors, Sister Bipendu’s colleagues, have died in the outbreak, according to their health association. European companies are also suffering under a public lockdown, which health experts say is vital to slow the virus’ spread but has effectively frozen economic life.
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