The number of coronavirus infections worldwide has hit 1 million, with more than 50,000 deaths, according to the tally kept by Johns Hopkins University. Coronavirus | Wuhan initially downplayed crisis, says China expert Dali Yang The figures were another bleak milestone in the epidemic that has forced the lockdown of entire countries and brought economies to a shuddering halt. The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, the swiftest, most stunning collapse the U.S. job market has ever witnessed, and economists warn unemployment could reach levels not seen since the Depression, as the economic damage piles up around the world. Also read | COVID-19 and the great Chinese puzzle The bleak news Thursday — a record-shattering 6.6 million new unemployment claims on top of last week's unprecedented 3.3 million — came as the competition for scarce ventilators, masks and other protective gear seemed to grow more desperate and deaths mounted with alarming speed in Italy, Spain and New York, the most lethal hot spot in the nation, with nearly 2,400 lives lost. The mounting economic fallout almost certainly signals the onset of a global recession, with job losses that are likely to dwarf… Read full this story
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