Monitoring Desk
WASHINGTON: The number of recovered coronavirus patients surged past one million on Thursday, according to the latest data released by Johns Hopkins University.
At least 1,014,524 people have recovered from the pneumonia illness that has infected 3,218,415 people and killed over 230,309 globally.
Europe is the worst hit continent with 137,714 deaths, while the United States has registered the most for one country with 62,906.
The US recorded 2,053 deaths on Thursday, after 2,502 deaths on Wednesday and 2,207 on Tuesday, according to the Baltimore-based university.
– Eurozone gloom –
European and US markets finished the day in negative territory, as a spate of figures confirmed fears about how the COVID-19 crisis is pulverizing global growth.
The latest jobless claims by another 3.84 million Americans translate into a jarring conclusion — roughly nine percent of the US population has filed for unemployment benefits in six weeks.
In the midwestern US state of Michigan, protesters — some of them armed — stormed the state capitol building, demanding that the Democratic governor remove strict lockdown rules, which they say hurt the economy and represent governmental overreach.
The depressing US jobs data compounded the tough message from European Central Bank Christine Lagarde.
“The euro area is facing an economic contraction of a magnitude and speed that are unprecedented in peacetime,” she warned.
ECB economists expect output in the 19-nation currency club to shrink by “five to 12 percent” this year, she added.
Eurostat figures showed the eurozone economy was estimated to have shrunk by 3.8 percent in the first quarter.
Germany, Europe´s biggest economy, “will experience the worst recession in the history of the federal republic” — founded in 1949 — Economy Minister Peter Altmaier warned, predicting it would shrink by a record 6.3 percent.
– Drug trial boosts hopes –
The coronavirus virus has infected at least 3.2 million people so far, with Russia´s Prime Minister Mikhail Mishustin becoming the latest high-profile figure to test positive as his country´s caseload surged past 100,000.
But there was some reason for cheer.
American scientists reported positive tests for an improved treatment, and with deaths and infections starting to drop in some hotspots, countries looked at the next phase in their plans to lift crippling lockdown measures.
On Thursday, Germany accelerated plans to start lifting its anti-virus lockdown, preparing to ease curbs on public life and reopen religious institutions, museums and zoos — having restarted shopping last week.
A decision on when to reopen schools is to come next week.
“It remains absolutely important that we stay disciplined,” said Chancellor Angela Merkel.
In South Korea, where COVID-19 was detected in mid-February, no new infections were reported for the first time, suggesting its aggressive test-and-trace strategy is working.
South Korea´s death toll is around 250 — vastly lower than that of Italy, Britain, Spain and France, which have each recorded at least 24,000 fatalities.
The United States tops the table with nearly 63,000 deaths. It recorded more than 2,000 deaths for the third day running Thursday.
Italy, once the world center of the outbreak, said it was hoping to reopen two major airports next week, but — like Spain — plans a cautious reopening.
“We cannot allow the efforts made to be in vain because of rashness at this delicate stage,” Prime Minister Giuseppe Conte said.
And British Prime Minister Boris Johnson, who himself battled COVID-19, said the country was “past the peak” of its outbreak.
– ´Clear-cut effect´ –
Meanwhile, in the first evidence of successful treatment, a US clinical trial of the drug remdesivir showed that patients recovered about 30 percent faster than those on a placebo.
“The data shows that remdesivir has a clear-cut, significant, positive effect in diminishing the time to recovery,” said Anthony Fauci, the top epidemiologist in the United States.
But it is a treatment, not the much-sought-after vaccine that might allow a full return to normal life.
More than 130 virus therapies are currently being investigated, the International Federation of Pharmaceutical Manufacturers and Associations said Thursday.
Most are still in the early stages of testing, but more than 25 clinical trials have begun, IFPMA director Thomas Cueni said.
Courtesy: (AFP)