NEW YORK – May is bringing cautious reopenings from coronavirus lockdowns, from Beijing’s Forbidden city to shopping malls in Texas, as the grim economic toll from the pandemic ticks higher.
Many communities around the world are inching toward normalcy without certainty over whether they’ve vanquished outbreaks of the virus.
But bleak new figures released Thursday underscored the pain inflicted by the disease and added to pressure on leaders to end shutdowns.
The number of Americans filing for unemployment benefits surpassed a staggering 30 million and the European economy shrank a record 3.8% in the first quarter as hotels, restaurants, construction sites and manufacturing were frozen by lockdowns.
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