Key U.S. coronavirus death projection revised down to 60000

9 April, 2020

Some 60,000 Americans could die in the coronavirus pandemic, a university model often cited by U.S. and state policymakers projected on Wednesday, a 26% reduction in its most recent forecast death toll.

The University of Washington model’s downward revision coincides with relative optimism from political leaders that caseloads may have reached a plateau in certain areas, albeit with the U.S. death toll climbing by 1,800 on Tuesday as nearly 30,000 new infections were reported.

Even that revised forecast suggested months of pain ahead for the nation, which had recorded nearly 13,000 deaths from the new coronavirus as of Tuesday night, according to a Reuters tally of official data.

The pandemic has upended American life, with more than 90% of the population ordered to stay at home and nearly 10 million people thrown out of work in the past two weeks.

There have been about 400,000 confirmed cases nationwide of COVID-19, the potentially lethal respiratory illness caused by the new coronavirus, and hospitals have been inundated, resulting in shortages of medical equipment and protective garments. Hospital patients have been left to suffer alone, as loved ones are barred from visiting them.

The White House coronavirus task force has previously projected 100,000 to 240,000 Americans could die.


Source  
U.S. pressure could accelerate growth for markets in Greater China11 Jun, 2020  

U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors remain intent on chasing...

Second wave of coronavirus could make Fed rethink negative interest rates15 May, 2020  

Another "big setback" in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory - but such a monetary...

Markets are excited about oil price rally too soon8 May, 2020  

Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world...


Gold has "growing potential" to break $18005 May, 2020  

Gold prices could "break the highs" seen earlier this year, after declining in March along with assets across the board, according to UBS Investment Bank's Joni Teves...

US oil prices are on track for their worst day ever21 Apr, 2020  

U.S. oil prices were on track for their worst day on record on Monday, with crude storage facilities filling rapidly as the coronavirus pandemic continues to crush demand...

Coronavirus crisis will erase nearly a decade of oil demand growth15 Apr, 2020  

The International Energy Agency (IEA) said Wednesday that it expects the coronavirus crisis to erase almost a decade of oil demand growth in 2020...


Coronavirus likely ended record U.S. job growth6 Apr, 2020  

The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus...

COVID-19: White House predicts 100000 to 240000 to die in US1 Apr, 2020  

President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague...

Coronavirus pandemic driving sales of appliances for health31 Mar, 2020  

Now that consumers have stocked up on toilet paper, disinfectant wipes and other household necessities...