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France said on Tuesday it would adopt an aggressive doctrine on COVID-19 testing from May 11 so it can slowly unwind its lockdown and avoid further economic meltdown. It is not alone: Australia plans to expand testing as well, with the help of 10 million test kits secured from China by Fortescue Metals Group founder Andrew Forrest, who sold them to the government at the cost price of $2.09 a kit.
U.S. feels the economic pain
Twenty-six million people in the United States have filed for unemployment in just a month, with millions more likely waiting in electronic queues at overtaxed state unemployment systems.
Gross domestic product numbers released on Wednesday will probably also show a large hit from the virus-fighting efforts that began in mid-March. Forecasters expect anywhere from $2 trillion to $5 trillion of output to be wiped out by year's end. While such a hit to the world's largest economy is largely unparalleled, optimists point out that, with overall output at nearly $22 trillion, that still leaves a lot on the table.
"We can't complain", say pals stuck in London pub
If you are going to be stuck under lockdown, there are worse places to end up than a spacious pub with free beer on tap. Steve Pond and Dom Townsend consider themselves lucky to be sharing an apartment above The Prince in Stoke Newington, north London. Like all UK pubs, it is closed until further notice as part of measures to slow the spread of the coronavirus.
"I moved in just a couple of months before lockdown which has worked out well, considering," said Townsend, 29, now assistant manager after starting there as a barman.
"We've got fresh beer on tap," Townsend told Reuters as he poured a pint and placing it next to the hand sanitizer on the bar.
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