As countries consider how to restart their virus-halted economies, the early experiences in China and parts of Europe show it will be no easy task.
Workers back on the job are wary of spending much or going out.
Shoppers are staying away from the few stores reopening. Masks and social distancing measures are not fading. And pervasive is the fear the coronavirus could return if lockdowns meant to stop its spread are eased too much, too quickly.
Still, leaders are anxious to reopen factories, schools and shops and to repair the economic damage from the pandemic that has claimed more than 137,000 lives of more than 2 million people infected.
Some Chinese cities tried reassuring consumers by showing officials eating in restaurants. In the US, people have begun getting relief checks to help them pay the bills.
Rome's streets were largely deserted despite some stores reopening.
In Vienna, clothing store owner Marie Froehlich said her staff was happy to be back after weeks cooped up at home. But dependent largely on tourism, she expects the business will take months to return to normal.
Until then, we are in crisis mode, she said.
Truck salesman Zhang Hu in Zhengzhou, China, is back at work but his income plummeted because few people are buying 20-ton rigs.
I have no idea when the situation will turn better. In the US, with many factories shut down, American industrial output shriveled in March, registering its biggest decline since the nation demobilized in 1946 at the end of World War II. Retail sales fell by an unprecedented 8.7%, with April expected to be far worse.
And troubling data indicate the worst may still be to come in many parts of the world.
UN Secretary-General Antonio Guterres is urging stepped-up efforts to prepare Africa, warning that the continent could end up suffering the greatest impacts.
Singapore's outbreak has jumped more than 1,100 cases since Monday.
It had looked to be successful in containing a first wave of infections, but the new cases are occurring among workers from poorer Asian countries who live in crowded dormitories and work in the tiny city-state's trade-dependent economy.
In Brazil, a war of words has broken out over President Jair Bolsonaro's lackadaisical approach to the virus.
We're fighting against the coronavirus and against the 'Bolsonaro-virus,' Sao Paulo state Gov. Joo Doria told The Associated Press in an interview, adding that he believes the president has adopted incorrect, irresponsible positions.
The US began issuing one-time payments this week to tens of millions of people as part of its $2.2 trillion coronavirus relief package.
But another part of the relief package, a $350 billion paycheck protection program aimed at small businesses, is running dry after being open for only a matter of days.
Negotiations were accelerating in Washington over a $250 billion emergency request to help.
The U.S. has recorded more than 30,000 deaths the most in the world and over 600,000 confirmed infections, by a Johns Hopkins University count.
Still, the nightmare scenarios projecting a far greater number of deaths and hospitalizations have not come to pass, raising hopes from coast to coast and prompting stronger calls for easing of restrictions.
Foreign leaders, meanwhile, rushed to the defense of the World Health Organization after Trump vowed to halt U.S. payments to the UN agency for not sounding the alarm over the virus sooner.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
