Coronavirus live updates: Germany drafts plan to end lockdown, Spain’s daily death toll declines
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 1,280,000
- Global deaths: At least 69,789
- US cases: At least 337,600
- US deaths: At least 9,648
The data above was compiled by Johns Hopkins University.
11:26 am: Janet Yellen says second-quarter GDP could decline by 30% and unemployment is already at 12%-13%
Former Federal Reserve Chair Janet Yellen said the economy is in the throes of an “absolutely shocking” downturn that is not reflected yet in the current data.
If it was, she said, the unemployment rate probably would be as high as 13% while the overall economic contraction is about 30%.
“If we had a timely unemployment statistic, the unemployment rate probably would be up to 12 or 13% at this …continued .
[Source: CNBC News]