Economic devastation from virus looms on a Good Friday like no other - News Summed Up

Economic devastation from virus looms on a Good Friday like no other


Previous NextAs Christians around the world observed a Good Friday like no other, at home watching livestreams instead of at church, pressure was mounting on governments to restart some industries and fend off further economic devastation from the coronavirus. Worldwide, the death toll headed toward 100,000, with the confirmed number of infected people topping 1.6 million, according to Johns Hopkins University. The U.N. labor organization says the equivalent of 195 million full-time jobs could be lost in the second quarter alone. The Spanish government was meeting to establish a 20 billion-euro fund to help small businesses and the self-employed cope with the economic fallout of the outbreak. The U.S. unemployment rate in April could hit 15% — a number not seen since the end of the Great Depression.


Source: The Standard April 10, 2020 12:11 UTC



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