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US faces biggest job crisis since Depression; Trump may reopen economy soon

Both the World Bank and the International Monetary Fund have projected a negative growth in the US in 2020

President Donald Trump speaks during a coronavirus task force briefing at the White House. Photo: PTI
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Trump forcefully advocated the need to gradually open up the economy that is safe

BS Web TeamAgencies Washington
US President Donald Trump has favoured safe and phased reopening of the American economy, which has been devastated by the coronavirus pandemic that has killed more than 50,000 people and infected over 800,000. More than 95 per cent of the country's 330 million people are under stay-at-home order as a result of the social mitigation measures including social distancing till May 1.

Trump on Thursday indicated that this might be extended beyond May 1, but forcefully advocated the need to gradually open up the economy that is safe.

In the past few weeks, more than 26 million Americans have filed

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