US could be next 'virus epicentre' as India locks down, global recession looms
The United States could become the global epicentre of the coronavirus pandemic, the World Health Organisation said, as India announced a full 24-hour, nationwide lockdown in the world’s second-most populous country.
India joined the ranks of Britain and other countries clamping down to hold back the virus as business activity collapsed from Japan to the United States at a record pace in March.
“The global health crisis is rapidly morphing into a global recession, as there is a clear tension between preventing infections and ruining the economy,” Reuters quoted Edoardo Campanella, an economist at UniCredit Bank in Milan as saying.
Read full story here.
Read Comments