Pakistan Institute of Development Economics

PIDE Newsletter 06
Publication Year : 2020

· Dow soars over 11% in strongest one-day performance since 1933. · China’s premier warns local officials not to hide new coronavirus infections. · Stocks rallied on the hope that Washington was close to producing a stimulus bill. Shares soared for airlines and other companies expected to benefit. · President Trump said he wanted the US opened up and “raring to go by Easter” on April 12, defying the warnings of most health experts. · New York’s case count is doubling every three days, the governor Andrew M. Cuomo says. · Turkey reports 7 new deaths as country’s tally of infections crosses 1500. · UK reports biggest rise yet in coronavirus deaths as toll rises to 422. · Airlines beg for rescue as coronavirus hit soars to $250 billion.