US faces severe economic downturn as virus tolls fall in hardest-hit Europe

Washington (AFP) - The world's biggest economy faces a severe downtown but will not suffer another Great Depression, US Fed chief Jerome Powell said on Sunday, as three hardest-hit countries in Europe reported low death tolls and lockdowns eased.Italy recorded the fewest deaths from coronavirus, 145, in one day since its two-month lockdown began, while Spain had 87 new virus-related deaths -- the first time the number has fallen below 100 in two months.Restaurants, bars and cafes will be among the businesses allowed to reopen from Monday in Italy, and Spain will also further relax its lockdown...

Read More