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UNITED STATES: Unemployment could rocket to as high as 32.1 per cent, economists at the Federal Reserve Bank of St Louis warned on Tuesday.
They estimated that around 47 million jobs could be lost in the US as a result of the Covid-19 pandemic.
At the peak of the Great Recession, US unemployment reached a high of 25 per cent.
LEE BROWN highlights the latest attempts to undo progressive reforms instated during the presidency of Rafael Correa
Morning Star editor BEN CHACKO reports from the start of Kunming’s Belt and Road media forum, where 200 journalists from 71 countries celebrated a new openness and optimism, forged by China’s enormous contribution to global development
It’s the dramatic rise of China with its burgeoning economy that has put the Trump administration into a frenzy – with major implications both at home and abroad, argues MICHAEL BURKE
