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Spain, Austria ease coronavirus curbs, U.S. debates risks

Byindianadmin

Apr 15, 2020 #debates, #risks
Spain, Austria ease coronavirus curbs, U.S. debates risks

MADRID/LONDON (Reuters) – Spain and Austria allowed partial returns to work on Tuesday but Britain, France and India extended lockdowns to rein in the new coronavirus while the United States, where the death toll exceeded 25,000, debated how to reopen its economy.

The World Health Organization (WHO) warned that infections had “certainly” not yet peaked.

Nearly 2 million people globally have been infected and more than 124,000 have died in the most serious pandemic in a century, according to a Reuters tally. The epicentre has shifted from China, where the virus emerged in December, to the United States, which has now recorded the most deaths.

World leaders, in considering easing curbs, have to balance risks to health and to the economy as the lockdowns have strangled supply lines, especially in China, and brought economic activity to a virtual halt.

The shutdown is costing the U.S. economy perhaps $25 billion a day in lost output, St. Louis Federal Reserve President James Bullard said, calling for widespread testing and risk management strategies so the economy can restart.

President Donald Trump, who has declared he will decide when to lift lockdowns, suggested some Democratic state governors were “mutineers” after New York Governor Andrew Cuomo said he would refuse any order that risked reigniting the outbreak.

The White House said Trump would hold a video teleconference with leaders from the Group of Seven nations on Thursday to coordinate responses.

The global economy is expected to shrink by 3% this year, the International Monetary Fund said, marking the steepest downturn since the Great Depression.

The WHO said the number of new cases was tailing off in some

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