Still, the U.S. economy is facing its worst crisis since the Great Depression with a 4.8 percent contraction in the first quarter of 2020 and worse yet to come, according to Fed Chair Jerome H. Powell, who called it “heartbreaking.”

Here are some significant developments:

  • As some nations look toward easing restrictions, Japan is expected to extend its state of emergency by a month. Sri Lanka, meanwhile, reimposed a 24-hour lockdown after infections jumped with eased restrictions.
  • Britain is on track to surpass Italy as the worst-hit country in Europe after deaths outside hospitals were included, taking the toll up to 26,000, just shy of Italy’s 27,000 dead.
  • South Korea’s April 15 elections resulted in no new coronavirus infections, authorities announced. Following the two week incubation period, no new cases could be traced to the 29 million people lining up to cast ballots.
  • The number of publicly reported coronavirus cases in nursing homes has soared, with more than 1 in 6 facilities nationwide acknowledging infections among residents or staff. The rise is partially driven by new data released by states such as Michigan, Maryland, Kentucky and South Carolina.
  • All Los Angeles County residents will be able to access free coronavirus testing, even if they are not displaying symptoms, Los Angeles Mayor Eric Garcetti (D) announced Wednesday. Los Angeles will be the first major city in the country to offer such widespread testing.

Read More

By user