Good morning, it’s Wednesday, June 10. I’m Katherine Ross and here’s your daily coronavirus update.
Worldwide, there are 7.2 million cases of the virus and 411,000 deaths.
The U.S. has 1.97 million cases and 112,000 deaths.
And Texas, which opened up in May, has reported two consecutive days of record hospitalizations of COVID-19. As of Tuesday, Texas had 2,065 patients suffering from COVID-19 in hospitals across the state. On Monday, the state had 1,935 hospitalizations.
Brazil has 739,000 cases and 38,000 deaths.
Forecasts from the Organization for Economic Co-operation and Development paint a difficult picture for the global economy, with the Paris-based think-tank predicting a 6% contraction in world GDP this year, a figure even says it could worsen to -7% if there is a second wave of coronavirus infections in the autumn.
The OECD said, "The lockdown measures brought in by most governments have succeeded in slowing the spread of the virus and in reducing the death toll but they have also frozen business activity in many sectors, widened inequality, disrupted education and undermined confidence in the future...As restrictions begin to be eased, the path to economic recovery remains highly uncertain and vulnerable to a second wave of infections."
"With or without a second outbreak, the consequences will be severe and long-lasting," the OECD cautioned.
And China published a concerning reading of factory-gate inflation in the world's second-largest economy, which showed producer prices falling 3.7% last month, the steepest decline in at least four years, that suggests extended weakness in global demand.
You can follow Katherine Ross on Twitter at @byKatherineRoss.
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