The Asian Development Bank has predicted the coronavirus pandemic will cost the world economy up to $4.1 trillion (€3.78 trillion) in lost economic activity, or nearly 5% of total global economic output.
The US jobs market is reeling from the impact of this pandemic, a staggering 10 million American workers have filed for unemployment in the last two weeks.
Stores and restaurants have been hit particularly hard. Last week, 6.6 million workers filed for unemployment benefit, that's double the figure from the week before. Focus now turns to the March jobs report, due later on Friday. The massive surge in US unemployment has many asking about what the coronavirus fallout means for the global economy.
The latest polls here in Germany indicate support for the government's handling of the Corona crisis. German pollsters infratest dimap also asked people about the effects of the pandemic. Results indicate that most people are concerned about a downturn in the economy - 75 percent of those questioned worry that Germany's economic situation will deteriorate,
while 24 percent have little or no concern on this point.
The United States has become the first country in the world to record 100,000 deaths from the novel coronavirus.
The total number of infections in the US is just shy of 1.7 million.
But it is still loosening restrictions aimed at stopping the pandemic.
Al Jazeera's Kristen Saloomey reports. COVID-19 cases in the US pass the one million mark and more Americans have lost their lives to the disease than died during the Vietnam War.… The spread of the coronavirus has resulted in a record level of unemployment in the United States. Twenty-six million people have registered as jobless in the US in the past five weeks, a huge increase in unemployment that harks back to the Depression era of the 1930s. All the gains in employment since the crash of 2008 have been wiped out. On The Listening Post this week: How a conspiracy documentary hijacked US social media and fuelled misinformation on COVID-19. Plus: Peru and the art of digital homeschooling.
COVID-19 misinformation in US
So much about this pandemic remains unknown, which is why reporting on it is so challenging. A lack of scientific consensus, heavy-handed government policies, and lockdown-induced economic woes have resulted in a wave of fear, anxiety, and powerlessness - perfect conditions for misinformation and conspiracy theories to thrive.
The US is ground zero for a lot of these theories, not least because the president and outlets like Fox News have long trafficked in them. There is a market for conspiracy theories; one that can turn a discredited scientist and an obscure filmmaker into an internet phenomenon.
The Listening Post takes a look at 'Plandemic' - the viral sensation of COVID-19 conspiracy theories.
Joe Uscinski - co-author, American Conspiracy Theories
Joan Donovan - research director, Shorenstein Center on Media, Politics and Public Policy, Harvard University
Will Sommer - tech reporter, The Daily Beast
Jared Yates Sexton - author & analyst
On our radar:
Richard Gizbert speaks to producer Nic Muirhead about a recent buyout in Italy meaning that Fiat automobiles now controls one of Italy's biggest newspapers - La Repubblica - and with it, a shift in editorial tone.
Listen, Watch, Learn: Peru's school system takes to airwaves
In many countries, it is still far too early to send children back to school. Take Peru, for instance; with more than 100,000 confirmed coronavirus cases, it has the second most of any Latin American country, behind Brazil.
One area where Peru seems to have fared better is education. Within three weeks of declaring a national lockdown, and with the collaboration of both public and private broadcasters, the Peruvian government brought to air Aprendo en Casa, or I Learn at Home - six hours of educational programming, every weekday.
The goal is to make the entirety of both the primary and secondary school curricula available to all students, including the millions without TV and internet access.
The Listening Post's Meenakshi Ravi takes a look at Aprendo en Casa - the TV and radio platform that is schooling Peruvian kids during lockdown.
Ernesto Cortes - general manager, RPP Group
Diana Marchena - planning coordinator, Education Ministry of Peru
Víctor Zapata - Lima-based secondary school teacher
Fátima Saldonid - presenter, Aprendo en Casa & Broadcaster, TV Perú