EU faces historic recession as China, US spar over virus origins

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The eurozone economy is forecast to contract by an eye-watering 7.7 percent this year, EU Economic Affairs Commissioner Paulo Gentiloni said.

The EU on Wednesday forecast a historic recession on the continent battered by the deadly coronavirus pandemic, as the US and China escalated their war of words over the origins of the disease.

The pandemic has now killed more than 257,000 people globally and officially infected nearly 3.7 million, although with only the most serious cases being tested the number is believed to be far higher. In Britain, Prime Minister Boris Johnson said some lockdown measures could be scaled back from next week, though warned against moving too briskly.

The vote comes as Spain said foreign tourist arrivals plummeted by 64 percent in March, a major blow to a key economic lifeline. “We don’t have certainty, and there is significant evidence that this came from the laboratory. Those statements can both be true,” he said, pressing Beijing for “transparency”.

US President Donald Trump has not dismissed the virus lab theory, but is fighting a battle on another front — eager to get the world’s biggest economy restarted as he seeks reelection on November. Trump appeared to backpedal on scrapping a coronavirus task force after Vice President Mike Pence suggested it could be done away with by early June.

Source: Financial Digest (financialdigest.net)

 

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What's to 'spar' about? Seriously? Everyone knows EXACTLY where it came from... COMMUNIST CHINA. No amount of press-muzzling, spin-doctoring and bought WHO leaders is going to change simple facts

We need to origins of this Viruses including HIV

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