By Gina Lee, Peter Nurse and Kim Khan
Investing.com – The economic damage from the Covid 19 pandemic was reflected in another round US. Indicators Thursday, although the closely observed number of unemployment claims, although still sky-high, was lower than the previous week.
rose 5.25 million last week, bringing the total job loss to almost 22 million in the past four weeks. in March it fell more than 20% to -56.6.
in the new York Governor Andrew Cuomo said the net change in hospital stays was "more significant" than before and that ICU admissions were declining. However, the instructions for staying at home have been extended until May 15th.
New York had 2,000 new cases yesterday and saw 606 deaths from the virus.
GermanyChancellor Angela Merkel announced plans to slowly ease the restrictions on fighting the coronavirus pandemic.
While the rules for social distance apply at least until May 3rd, shops of a certain size could open their doors next week and schools will gradually reopen from May 4th.
Large public gatherings, including church services, remain prohibited until August 31. Bars, cafés, restaurants, cinemas and music venues remain closed.
The country's confirmed coronavirus cases have increased by 2,866 to 130,450, according to data from the Robert Koch Institute (RKI) for infectious diseases on Thursday, meaning that the number of new infections rose for a second day in a row.
SwitzerlandAccording to the Swiss media, the government will present a three-stage plan to ease the country's closure on Thursday.
According to Health Minister Alain Berset's plan, companies that provide personal services such as hairdressers and physiotherapists will be allowed to work again from April 27. After a two or three week surveillance break, the schools could reopen on May 11th. Bars and restaurants will remain closed until at least June 8th before opening again in the third phase.
The UNITED KINGDOM.The government announced a three-week extension of the Coronavirus blockage. This is despite signs that the virus has peaked in the country and hospitalizations have been falling for a week.
Secretary of State Dominic Raab will chair cabinet meetings on the continuation of social distancing measures in the absence of Prime Minister Boris Johnson while he is recovering from the virus.
Germany announced a $ 30 billion ($ 33 billion) backstop for export credit insurers
Italy announced the lowest number of new cases in almost a month.
The International Monetary Fund predicts that growth in Asia will come to a complete standstill in 2020.
"This is the worst growth performance in almost 60 years, including during the global financial crisis (4.7%) and the Asian financial crisis (1.3%)," said Chang Yong Rhee, director of the IMF's Asia and Pacific Department, in a blog post.
But he added that Asia is still expected to do better than other regions in terms of economic activity.
Japan According to local media reports, is said to declare a nationwide state of emergency that has already announced this at the state level.
AustraliaThe statistical office announced an unemployment rate of 5.2%, which is better than the rate of 5.5% created by Investing.com. However, the rate was calculated after blocking measures to prevent the virus from spreading.
The country will maintain existing restrictions to curb the spread of the coronavirus for at least another four weeks, Prime Minister Scott Morrison said Thursday.
South Korea On Thursday, a second additional 7.6 trillion won ($ 6.2 billion) budget was presented to help people pay for emergency payments as the coronavirus pandemic threatens jobs and wages.
The ruling Democratic Party received a major boost in the National Assembly election on Wednesday, winning 163 out of 300 seats, with almost all votes counted.
Vietnam facilitated social distancing in most rural areas, but extended the two-week social distancing for 12 provinces, including Hanoi and Ho Chi Minh City.
VietJet Air and Vietnam Airlines will resume some domestic flights from Thursday.
Philippines Key rate cut in an unscheduled step by 50 basis points to 2.75% in order to keep the economy alive during the outbreak of the coronavirus.