Virus Accelerates Across Latin America, India, Pakistan
The coronavirus pandemic accelerated across Latin America, Russia and the Indian subcontinent on Friday even as curves flattened and reopening was underway in much of Europe, Asia and the United States.
Many governments say they have to shift their focus to saving jobs that are vanishing as quickly as the virus can spread. In the United States and China, the world’s two largest economies, unemployment is soaring.
The Federal Reserve chairman has estimated that up to one American in four could be jobless, while in China analysts estimate around a third of the urban workforce is unemployed.