On Thursday, the United States recorded the highest number of coronavirus infections and also reported a surge in unemployment as world leaders vowed $5 trillion to stave off global economic collapse. All over the world, more than 500,000 people have been contracted with the deadly virus triggering a complete lockdown in most of the countries. Millions of life have been disrupted by the global pandemic.
In the US more than 82,000 people have tested positive for the novel coronavirus. The number is crossing Italy and China which has reported the most deaths. There were more than 81,700 known cases in China and 80,500 in Italy. Leaders from the Group of 20 major economies held crisis talks by video conference and pledged a “united front” to fight the outbreak.
“The virus respects no borders,” the leaders said in a statement.
“We are injecting over $5 trillion into the global economy, as part of targeted fiscal policy, economic measures, & guarantee schemes to counteract the social, economic and financial impacts of the pandemic.”
They also pledged “robust” support for developing nations where coronavirus may create a crisis after ravaging China and then Europe. Presently Italy and Spain have the second largest death toll. Both the nations are seeking to make their economy stronger by the European Union.
As per reports given by the office of Italian Prime Minister Giuseppe Conte, he is looking for a “strong and sufficient” financial response that deploys “innovative financial instruments truly adapted to a war.” Over 120,000 people all over the world have recovered from COVID-19, while more than 23,000 people have died. New York has recorded the highest number of infections and the city currently needs a double number of hospital beds. Last week, nearly 3.3 million people applied for unemployment in the world’s largest economy.