The Hill has reported that after "six months after the World Health Organization (WHO) first identified a cluster of atypical pneumonia cases at a hospital in Wuhan, China, the number of people newly infected with the SARS-CoV-2 coronavirus is rising rapidly."
More than 10 million people across the globe have tested positive for the coronavirus, WHO Director-General Tedros Adhanom Ghebreyesus said Monday, nearly 180,000 of whom tested positive in the last 24 hours.
The reality is this is not close to being over," Tedros told reporters. "Globally, the pandemic is actually speeding up.
About half the cases, and nearly half the deaths across the globe, have come in the Americas. The United States, which accounts for about 4 percent of the global population, has nearly a quarter of the total confirmed cases, 2.4 million.
States reported more than 44,000 new cases on Sunday, the WHO said in their daily situation report on Monday, higher than any nation on earth. Brazil reported 46,000 new infections on Saturday, and almost 39,000 new infections on Sunday.
The US standing in the world s under threat and so too is US President Trump's presidency later this year. There are long term threats of dire ramifications for the US economy, although, so far, markets are shrugging off the implications.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.