This file photo taken on May 12, 2020 shows an Air France Airbus A318 moving on the tarmac at the Paris-Charles de Gaulle airport in Roissy-en-France, as empty seats are seen in the foreground. Air traffic volume to and from Paris could take up to seven years to recover from the coronavirus impact, the CEO of the French capital's airports said on July 27, 2020.
AFP/Eric Piermont
Virus wreaks economic havoc as global cases top 17 million
Heather Scott (Agence France-Presse) - July 31, 2020 - 8:23am

WASHINGTON, United States — The scale of economic devastation from the pandemic was laid bare on Thursday as Western economies recorded historic slumps, just as resurgent caseloads forced many countries into agonising new trade-offs between health and financial stability. 

Six months after the World Health Organization declared a global emergency, the novel coronavirus has infected more than 17 million people across the globe. 

The WHO warned Thursday that young people are "not invincible" and were helping to drive resurgences in many places that had largely curbed the disease. 

"Spikes of cases in some countries are being driven in part by younger people letting down their guard during the northern hemisphere summer," said WHO chief Tedros Adhanom Ghebreyesus. 

COVID-19 has killed more than 667,000 people, and is forcing governments into a persistent balancing act between saving lives and preventing economic devastation. 

Nowhere is that challenge more evident than the world's hardest-hit nation -- also the world's biggest economy -- with the United States posting a second-quarter loss of 9.5 percent compared with the same period a year ago, the worst figure on record. 

If that trajectory carried through the entire year, its economy would collapse by nearly a third (32.9 percent), the data showed.

Historic contractions were also recorded in Germany (10.1 percent), Belgium (12.2 percent), Austria (10.7 percent) and Mexico (17 percent). 

Across the globe, companies were also taking a hit with Volkswagen, oil producer Shell, UK bank Lloyds and Japanese consumer electronics giant Panasonic all reporting huge losses.

With travel down to a trickle, aerospace giant Airbus said it burned through more than 12 billion euros in cash in the first half of the year, with a net loss of 1.9 billion euros ($1.4 billion) and plans to cut production by 40 percent.

Global daily cases are now approaching the 300,000 mark, with the curve showing no sign of flattening -- it took just 100 hours for one million new cases to be recorded. 

The US surpassed 150,000 deaths, while the second-worst-hit country Brazil reached 90,000.

In Japan, Tokyo's governor called for restaurants, bars and karaoke parlours to shut earlier as the Japanese capital reported a record number of new infections.

"The current situation is more serious than before," said Yuriko Koike. "There were several clusters in Tokyo.... We have no time to waste."

Several French and Dutch cities, including tourist favourites Biarritz and Amsterdam, also announced new face mask requirements.

Sweden, whose controversial softer approach to curbing coronavirus has received worldwide attention, said it would encourage people to keep working from home into next year where possible, as the country passed 80,000 recorded cases.

Island resurgences

Two island countries that were early poster boys for containing the virus offered warnings against complacency on Thursday. 

In Australia, there were 723 positive tests in the southeastern state of Victoria alone, well beyond the previous nationwide record of 549 cases set on Monday.

And Iceland recorded its first hospitalisation since mid-May, as well as 31 new cases, forcing the government to reimpose social distancing and masks, and limit the size of gatherings to 100. 

Hong Kong, which was also initially lauded for its coronavirus response, is struggling to balance fears of a third wave among its 7.5 million residents, which authorities fear could cripple the healthcare system, against anger at new restrictions. 

Just a day after restaurants were banned from serving customers indoors, the decision was reversed following a torrent of online criticism over images of mostly blue-collar workers forced to eat on pavements and in parks -- and even inside public toilets to escape a torrential downpour.

South Africa faces a similar dilemma and pushed back its nighttime curfew by an hour to 10 pm to help the devastated restaurant sector, despite a recent surge in cases. 

Ivory Coast however bucked the trend, announcing that bars, nightclubs and cinemas would reopen on Friday.

EU travel list

US travellers remain barred from the EU after the latest fortnightly update to its list of safe countries. Algeria was removed after a spike in cases. 

The EU's safe list currently consists of Australia, Canada, Georgia, Japan, Morocco, New Zealand, Rwanda, South Korea, Thailand, Tunisia and Uruguay -- and would also include China if Beijing reciprocated.

Several European countries have slapped restrictions on travel to and from Spain.

UK Prime Minister Boris Johnson, fresh from announcing quarantine for travellers returning from Spain, suggested the rest of Europe could be facing a second wave -- despite his own country's dismal figures.

France's health minister has hit back on saying that was categorically not the case in his country. However the number of patients in intensive care in France rose on Thursday for the first time since early April.

Spain, one of the countries hit hardest by the pandemic, repeated again on Thursday that it was not experiencing a second wave. Madrid has criticised Britain's blanket quarantine, which includes islands without significant outbreaks. — with AFP bureaus

NOVEL CORONAVIRUS WORLD HEALTH ORGANIZATION
As It Happens
LATEST UPDATE: August 7, 2020 - 5:08pm

Follow this page for updates on a mysterious pneumonia outbreak that has struck dozens of people in China.

August 7, 2020 - 5:08pm

Reports say that former Manila mayor Alfredo Lim has been confined at an undisclosed hospital reportedly due to the coronavirus disease.

Lim’s grandson, Manila 1st District Councilor Niño Dela Cruz, earlier requested for prayers for the healing of the former mayor. The post has been deleted. — The STAR/Rey Galupo

August 7, 2020 - 4:07pm

The Department of Health announces 3,379 new cases of the coronavirus disease, bringing the national caseload to 122,754 in the Philippines.

There are 96 new recoveries and 24 new deaths.

August 7, 2020 - 12:30pm

The health ministry data show India's coronavirus cases passed two million after a daily jump of more than 60,000 and around 900 new deaths,

India has now recorded 2.03 million infections and 41,585 deaths, according to the ministry's website. Many experts doubt the official figures, however, and say the true numbers may be much higher. — AFP

August 7, 2020 - 7:49am

The number of coronavirus cases recorded worldwide has passed 19 million, according to an AFP tally from official sources at 2300 GMT Thursday.

At least 19,000,553 cases and 712,315 deaths have now been registered.

Forty percent of cases were in the United States and Brazil, the two worst-affected countries with 4,870,367 cases (159,864 deaths) and 2,912,212 infections (98,493 deaths) respectively. — AFP

August 7, 2020 - 7:40am

The number of COVID-19 cases in Africa has risen to over one million, with more than half registered in South Africa, according to an AFP count late Thursday.

The continent's worst-hit nation has registered 538,184 infections, including over 8,000 new cases on Thursday, and 9,604 deaths.

Egypt has recorded around 95,000 COVID-19 cases while the figure in Nigeria is 45,000.

South Africa's infection figures are the fifth-highest after the US, Brazil, India and Russia. — AFP

Philstar
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with