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  • Chinas economy recorded the first contraction in decades in the first quarter as the coronavirus outbreak shut down large parts of the worlds second-largest economy and dimmed the global outlook. Gross domestic product shrank 6.8% in the first quarter from a year ago, the worst performance since at least 1992 when official releases of quarterly GDP started, missing the consensus forecast of a 6% drop

    Chinas economy recorded the first contraction in decades in the first quarter as the coronavirus outbreak shut down large parts of the worlds second-largest economy and dimmed the global outlook.

    Gross domestic product shrank 6.8% in the first quarter from a year ago, the worst performance since at least 1992 when official releases of quarterly GDP started, missing the consensus forecast of a 6% drop

    China’s economy recorded the first contraction in decades during the first quarter of the epidemic coronavirus has closed many of the worlds second largest economy and the global outlook dimmed. Gross domestic product fell by 6.8% in the first quarter of last year, the worst performance since at least 1992, when the official versions of the quarterly GDP started, missing consensus forecasts of a decline of 6% . Factory output fell 1.1% in March, retail sales slipped 15.8%, while investment fell by 16.1% during the first three months of the year. concept The sharp contraction highlights the pressure that Chinese policymakers face when they attempt to revive the economy without destroying the efforts to contain the virus. The global recession has hit exports mainly in the second and third quarters of 2020, domestic demand is still hampered by quarantine borders and the stimulus of transmission is low amid spreading bankruptcies and job losses. China’s economy was forced to paralysis in late January that the epidemic that began in the spread of Wuhan in the country


  • If the FDA approves, the state could test as many as 100,000 New Yorkers a day, Cuomo said. Cuomo emphasized that wide-scale testing was vital to any plan to reopen schools and businesses and that the states cant afford to do such testing without help from the federal government. In a reminder that normal life will be a relative term in New York for the foreseeable future, Cuomo said he would sign an executive order requiring New Yorkers to wear a mask covering their nose and mouth in situations where social distancing cant be maintained. The order will take effect at the end of the week, Cuomo said

    If the FDA approves, the state could test as many as 100,000 New Yorkers a day, Cuomo said.

    Cuomo emphasized that wide-scale testing was vital to any plan to reopen schools and businesses and that the states cant afford to do such testing without help from the federal government.

    In a reminder that normal life will be a relative term in New York for the foreseeable future, Cuomo said he would sign an executive order requiring New Yorkers to wear a mask covering their nose and mouth in situations where social distancing cant be maintained.

    The order will take effect at the end of the week, Cuomo said

    If the FDA approves, the state could test up to 100,000 New Yorkers one day, said Cuomo. Cuomo said that large-scale testing was essential to any plan to reopen schools and businesses and that states can not afford to do these tests without the help of the federal government. In a reminder that normal life is a relative term in New York for the foreseeable future, Cuomo said he would sign a decree demanding New Yorkers to wear a mask covering the nose and mouth in situations where social distancing can not be maintained. The order will take effect at the end of the week, said Cuomo. New York took a first step on the long way back to normal life and began to lay the foundation of how the process works, the introduction of an antibody test to identify medical personnel and other essential workers who have already had the coronavirus and have some immunity, Governor Cuomo said. As the crisis of the United departures reflux and officials begin planning massive commitment in return from New York to a semblance of normality, they began to establish initial goals and milestones. And in a sign that officials believe the infection crisis phase is really happening, NY recipient of thousands of fans from other states and countries that the virus mounted now sends to other states, with 100 Michigan and 50 in Maryland. Were still in the woods, Cuomo said. There will not be a penalty for non-compliance in the beginning, but if people do not cost the order, he said, it will allow a fine which would be enforced by local governments. fear The new measures towards reopening begin to take the stage for New Yorkers eager to get back to work and move freely as they are revealed in a context of ongoing conflicts virus. Thousands of new infections are reported every day, and there was a sudden jump in the number of hospital admissions for new patients with the virus, about 2,250 in one day. Yet the total number of hospitalizations, ICU admissions and intubations in which patients were placed on the support of the fans were down overall. Initially, the test is made available to first responders and other essential workers on the front line of the battle against the virus. Using a test kit developed by the State Department of Health, the program will run 2000 tests per day, Cuomo said Wednesday at his point of viruses daily. Although new data shows the scope of infections has reached a plateau and begins to ebb, it also shows the pandemic is far from over. New York, recorded 752 deaths related to the virus in the last 24 hours, the 12th consecutive day with more than 500 deaths. Those antibodies will be allowed to return to work sooner, because they no longer carry the virus and developedresistanceto it. New York has been authorized to carry out tests in its own laboratories. But with a lack of ability test and a vaccine still as long as 18 months later, they are looking at a gradual reopening based on two key factors: how business is an essential, and what is its risk profile is to reboot the spread of the virus. A key element of the plan is to get testingup tospeed, both so that people have the virus and that people once had and have developedresistance