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U.S. might be next ‘virus epicenter’, as India locks down, worldwide economic downturn looms

Byindianadmin

Mar 24, 2020 #looms, #recession
U.S. might be next ‘virus epicenter’, as India locks down, worldwide economic downturn looms

GENEVA/NEW DELHI (Reuters) – The United States could end up being the international center of the coronavirus pandemic, the World Health Company said on Tuesday, as India announced a full 24- hour, nationwide lockdown worldwide’s second-most populous nation.

India signed up with the ranks of Britain and other countries securing down to keep back the virus as company activity collapsed from Japan to the United States at a record pace in March.

The extremely infectious coronavirus has caused entire areas to be put on lockdown. In some locations soldiers are patrolling the streets to keep consumers and employees indoors, halting services and production and breaking supply chains.

” The international health crisis is rapidly morphing into an international recession, as there is a clear tension between preventing infections and destroying the economy,” said Edoardo Campanella, an economist at UniCredit Bank in Milan.

But Wall Street bounced from three-year lows as financiers pin their hopes on the U.S. Senate passing a $2 trillion stimulus costs.

Confirmed coronavirus cases around the world surpassed 377,000 throughout 194 countries and territories since early Tuesday, according to a Reuters tally, more than 16,500 of them fatal.

In Geneva, WHO spokeswoman Margaret Harris said infections in the United States had actually significantly increased.

Over the previous 24 hours, 85 percent of new cases were in Europe and the United States, and of those, 40 percent were in the United States.

Since Monday, the virus had actually infected more than 42,000 people there, eliminating a minimum of559

Asked whether the United States c

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