ROME (BLOOMBERG) - Italy, Spain and France reported a slowdown in new coronavirus cases, allowing governments in Europe to look for ways to safely ease lockdowns that are strangling the region's economy.. Read more at straitstimes.com.
ROME - Italy, Spain and France reported a slowdown in new coronavirus cases, allowing governments in Europe to look for ways to safely ease lockdowns that are strangling the region's economy.
The lockdowns are estimated to cost the global economy about US$5 trillion and governments around the world are keen to safely resume economic activity to minimise unemployment and bankruptcies. Russia, which seemed to have avoided a significant outbreak, said the number of its new cases increased overnight by about a third to 2,186.
The improvement was the result of the strict measures that have largely shut down public activity in Italy for more than a month, Galli said. Some employees in Spain's construction and heavy industries are preparing to go back to work on Monday as tougher restrictions that were in place for the last two weeks or so are lifted.
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