India extends lockdown, cases in Germany jump by over 2,000

Global cases: More than 1.9 million Global deaths: At least 119,686 Most cases reported: United States (582,468), Spain (170,099), Italy (159,516), France (137,877), Germany (130,072)

Bruno Le Maire, France’s finance minister, said the French economy is forecast to shrink by 8% this year, reported Reuters, citing BFM TV. The forecast is the French government’s second revision to its economic outlook in a week, according to the report. The previous projection was for the French economy to contract by 6%, said the report.

The number of confirmed coronavirus cases in Germany jumped by 2,082 to a total of 125,098, according to the latest data by Robert Koch Institute, a federal government agency responsible for disease monitoring and prevention. Total fatalities in Germany rose 170 to 2,969 since the outbreak, the data showed.

Hong Kong is fighting a “twin battle” — fending off the coronavirus pandemic and trying to save its battered economy at the same time — but the city remains “highly resilient” despite the challenges, its commerce secretary said. Hong Kong’s recovery depends on global trade and will be determined by when the world gets back on its feet, Edward Yau, Hong Kong’s secretary for commerce and economic development, told CNBC.

The Asian financial hub’s economy has been hit hard by consecutive crises over the past year: from the U.S.-China trade war that intensified in 2018, to the months-long protests which shuttered shops and severely hit tourism last year. Now, the city is faced with a health and economic crisis brought on by the global coronavirus pandemic that has infected more than 1,000 people in the Chinese territory, and killed at least 4, according to the latest data from Johns Hopkins University.

India’s coronavirus lockdown has been extended until May 3, Prime Minister Narendra Modi said in an address to the nation. The initial 21-day lockdown was due to end on Tuesday. Modi explained that the lockdown, as well as other social distancing measures, have benefited the country despite the economic costs incurred. India needs to curb the spread of the virus and take stricter measures to prevent new hot spots from emerging, the prime minister said, according to a CNBC translation of his remarks in Hindi.

Revised data from Johns Hopkins University showed global infection cases below 2 million again. At 9:25 a.m. Beijing time, there were 1,918,855 cases and 119,588 deaths reported.

As of 9:25 a.m. Beijing time, the number of confirmed U.S. cases shown on the site stood at 581,679, an apparent revision of a total that exceeded 600,000 at 7:50 a.m. Beijing time.

Coronavirus live updates: India extends lockdown, cases in Germany jump by over 2,000, CNBC, Apr 14