Mnuchin says US economy could open in May, defying experts

U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite many medical experts saying that closures and social distancing measures will need to stay in place for longer to defeat the coronavirus.

U.S. economists have cautioned against bringing large numbers of people back to their workplaces too quickly. A paper co-authored by Massachusetts Institute of Technology economist Emil Verner in March about the response to the 1918 flu epidemic found that cities that restricted public gatherings sooner and longer had fewer deaths - and ultimately emerged from that pandemic with stronger economic growth.

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Coronavirus: Indian court order for free testing may hinder fight, say business leaders, health expertsNEW DELHI (REUTERS) - A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, with the number of tests already among the world's lowest, said business leaders and health experts.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »