Keeps getting worse for the airlines the industry warns carriers will lose 314000000000. 00 in revenue with 80 percent of flights grounded. When somebody is the president of the United States the authority has told. Donald trump to close hell decide when the u. S. Economy reopens but state governors say nothing will change until its safe. As the infection rate slows in australia business groups push for restrictions to be lifted. The International Monetary fund says the coronavirus pandemic will cost the worlds economies 9. 00 trillion dollars over the next 2 use warning comes as countries around the world face prolonged lock downs as they try to contain the outbreak the i. M. F. Chief Economist Says it is the worst economic shock since the Great Depression of the 1930 s. Flattening the spread of coal with 19 using lock downs allows Health Systems to cope with this crises which then prove permits a resumption of economic activity. In the sense there is no tradeoff between saving lives and saving livelihoods countries should continue to continue to generously support their Health Systems perform widespread testing and refrain from trade restrictions on medical supplies across live to u. S. Correspondent alan fischer joining us from virginia so alan these figures are pretty much in line with some of the broader predictions but seeing them in print is pretty stark compelling reading. Exactly and if you go back to january the i. M. F. Was talking about Global Growth here they are just a few months later saying look theres going to be a big problem this is going to be the biggest problem in almost a century and far worse than what the Global Economy suffered during the financial crisis in 2009 a drop of somewhere in the region of 3 percent a contraction of the global economies that is quite significant and will lead to huge job losses in many many countries and the point 0170 countries at least impacted by this and were not talking just about the Major Economies like the United States and china when all across europe were also talking about small economies like nepal which bases so much of what it does on its economy on people traveling to the country of eating out and restaurants that simply isnt happening now that the i. M. F. Says there is the possibility that the Global Economy will rebound in 2021 to 5. 8 percent that is a very big number when it comes to talking about Global Growth however it comes with a number of causes it says if there is a continuing problem with the coronavirus if the law dont continue if there is a 2nd wave at some point and 2020 then the Global Financial crisis will continue what the i. M. F. Says is to get out of this what they have to do is make sure that there is a Global Response this cant be countries closing their borders there cant be in their words globalization that has to be a concerted effort across all economies to make sure that there is a Global Recovery there also weaving the debt for 25. 00 of the worlds poorest countries they say at this point the attention should be on defeating the impact of the covert virus rather than concentrating on repeating debt but the reality i guess alan it would be fair to say is that what youve got 10 states in the u. S. Talking or thinking about easing restrict. As weve got several European Countries edging towards doing the same thing but even if you get a little local economy on the move heading in the right direction thats a drop in the ocean compared to what they will need to have in 3 to 6 months which the stimulus package exactly his work aired just in the last few years india is continuing its lockdown for about another month and they are one of the big economies in the world they havent suffered quite as much for theyre coming from a high growth area as is china you know china 6 percent growth last year people were expecting it to be something similar in the 1st half of 2020 it will experience around 1 point one percent growth this year so there can be a gradual opening but is the i. M. F. Says the most important thing here is protecting life because if you dont do that then the economy to a large degree is worthless no there is this idea that if you can some sort of were ruling reopening in france it certainly examine that idea in the last 24 hours saying that some shops will open perhaps schools might reopen there is this idea that over time the economy can reopen and as we know donald trump is very keen to do that but there is an implicit warning here from the i. M. F. Dont move too fast because you could do much longer damage to the economy everything has got to be just right to get things moving in the right direction to get through this crisis when it comes to talking economically and financially thanks a lot and talk to you later. Well as if that Economic News wasnt bad enough the Worlds Airlines now stand to lose more than 300000000000. 00 in revenue this year thats the latest forecast from the industry body representative thats why our carriers have grounded aircraft of course theyve laid off crew and made a growing number of travel restrictions and border closures and nobody is buying a ticket to get on a plane our economics editor at alli says the Airline Industry needs massive Financial Support to survive the crisis. The Airline Industry employs some in the region as 65000000 people directly and indirectly and so you know theyre expecting 25000000 jobs could be lost over the next 3 months unless governments step in we help now we had in the United States that the Trump Administration has said theyll give 60000000000. 00 to the Airline Industry but the end industry has it has been reluctant to take those on because part of that money comes in the form of loans and quite rightly so many people would think and some of that money cannot be used to buy back shares or dividends or any or pay executives huge bonuses as had been the case in the previous previous financial crisis in 2008 so theyre reluctant to take the money and when you look at for instance in the u. K. The British Government has said listen you know were not going to hand out huge bailouts to help put the airlines and where it will take each airline case by case and see see what support we cannot offer but the 1st port of call you need to go to your shareholders to get your money and youve got British Airways now theyre in the process of for learning 30000 employees so this is a very real economy kind of stuff this is peoples lives being affected and we put this into the wider context because the Global Tourism industry is such a Huge Industry its a barrel has 9 trillion dollars. The actual value of it and it employs more than 300 people around the world and its not Just Airlines its hotels its cruise ships and its your air b. N. B. You know little the little guys are suffering as much as the big guys. Ok lets take a closer look at some other major developments this. Reported another record daily rise in new infections with more than 2700. 00 of them the government says 170. 00 russians have died with the total number of cases now more than 21000. 00 thousands of shops across austria are reopening as the government loosens its locked on measures the Authorities Say its the 1st phase of a gradual process to restart the economy austrias strict social distancing rules will remain in place spain today reporting the lowest increase in new cases in nearly one month bringing hope that the infection rate there could be slowing the authorities reported another 567. 00 deaths on tuesday pushing the total past 18000. 00. Meanwhile the u. K. Just reporting 778 more deaths related to the corona virus in england alone the deaths of surpassed 11000 thats the 5th highest figure globally but new data suggests the real number could be up to 15 percent higher than official figures released by the u. K. Government lets go live now to london and our correspondent need. This is people as statistics slipping between the cracks almost because theyre not in the n. H. S. Figures but we are finding out about them. Thats right what the figures are essentially saying is that there is a significant disparity between what the government has been saying on a daily basis and its daily number 10 briefing and what the reality on the ground is according to the office of National Statistics who have been collecting data on death tolls in a week by week basis for the past 15 years is that the week ending april the 3rd there were 6000 deaths that they believe were attributed to 19 other this figure it was actually 15 percent higher than the official figures coming from the government the reason from the disparity is because the government does not collate and collect all of the deaths that take place within the community or in care homes and that number as shown here is clearly significant the suggestion is that this data really needs to be crunched and poured over the government needs to be more transparent and sharing this information because it really forms the bedrock of Decision Making it will inform the government as to whether or not to ease restrictions on movement of people something the economy is desperate to see happen and its also an indicator of where crucial resources need to potentially go as well and were hearing account after account from care homes across the country of large numbers of their residents dying only in the last couple of days 15 deaths in a care home in luton 13 in County Durham in north steep northeast england 9 residents have died in a care home in nottingham these are. Private often entirely private organizations and care homes that are desperate for help struggling to get the equipment they need to make sure that their staff are protected and to keep those residents sheltered and alive were also seeing the lifting of some restrictions across some of the e. U. Countries but the European Union or the commission i should say out of brussels and stroudsburg they want better cross border coordination on this issue. You have been through it in the context of whats happening the European Commission is something of a toothless organization it cant all Member States to follow its orders it can make guidelines and advisories which is what its doing now is basically saying look we all race to close down our economies and save our populations a few weeks ago now when we start to ease the pressure off and open up our economies perhaps its time for a joined up response across the whole of the e. U. To avoid some countries slipping behind others theres already been a desperate call for Financial Support from states in the south of europe and the south east of europe italy of course its economy was already on the brink of recession ahead of the Coronavirus Crisis one can only imagine when the final figures come through have deeply affected it will be economically of course when it comes to the opening up of countries were seeing different responses in different places austria has allowed certain stores open they are seeing their figures start to be under control spain heavy industry workers are allowed to go back opening up in denmark and also to a certain lesser extent in italy as well but very last of course from saying one more month of restrictions are what need whats needed that to make sure the situation can be under control need thanks very much. China has approved human trials for 2 experimental coronavirus vaccines that tries to prevent a 2nd wave of infections state media and soon one bank scene is being developed by a biotech firm the other by the China National pharmaceutical group the country is now trying to contain imported cases especially from neighboring russia Sarah Clarkson hong kong she says china wants to fast track the production of the vaccines these vaccines where vaccines will be developed in partnership number one with a Biotech Group based in beijing and the 2nd partner is one based out of this is a pharmaceutical group and as i mentioned it has been confirmed by china but chinas already got a vaccine or a trial in place and that particular trial its audience its 2nd phase the 1st phase of that trial looked at the safety scenario of that vaccine and the 2nd one is now introduced for perceived control groups have certainly got enough at this stage 500 volunteers have signed up but we can now confirm weve got 3 vaccines in place in china but the National HealthCommission Said it cant pass must pass various conditions before they can enable mass production certainly theyre trying to fast track this and china certainly has an advantage as the 1st nation to be able to map the genome status of the corona virus and we have some license numbers coming out of china were looking at a particular area now russia province in china that borders russia and weve had 409 infections coming from russia into china over the last few weeks the current number of cases in china is 89 as of today and this particular province accounts about 79 of those cases as of tuesday and as a result these cities put in a number of Border Protection control checkpoints in that area that healthy they got Health Checks on those people coming from russia into china weve also got mandatory coronavirus testing from all those chinese nationals coming from russia into china theyve also set up a hotline to allow for those people in this particular province to report the illegal arrivals coming from russia china is also deployed a number of extra resources and medical teams from where you have and the cell to that area and it seems that particular region is now the focus of what they could believe might be a 2nd wave of infections into china. Still ahead here on aljazeera traffic backing up for kilometers at u. S. Food banks as millions run out of options in the worsening economic crisis. Anger in mumbai hundreds protested the government extending the nationwide lockdown there. How i once again welcome to another look at the international forecast this look a lot you try across a good part of asia now sunny kwassa therefore to pad out a brisk wind here has to be said with area of low pressure not too far away but High Pressure dominates the same for many sara high price that we have up towards so far north of china will sink is where little further south was as we go through the next hour so a high just topples a little further east words by skys comeback aim high for a time but with that low sliding down towards beijing well see some showers longer spells of rain in that wetter weather becoming were expansive as we go through thursday grassi heading towards the yellow sea east of that is funny dry for a good part of japan in the uk right shall fall and try to across a good part of central and Southern China meanwhile plenty of showers head to the philippines northern part seeing some lively showers over the next day or so the usual scattering shaz across malaysia indonesia some wet weather there as well for a time into thailand just some showers to just around 7 pounds on the barren go pushing towards franka maybe the odd shower to just up the western side of india the wetter weather will be further north but the main story here over the coming days is the building heat. Ok lets get right up straight with all the main developments so far this half hour the International Monetary fund says the coronavirus pandemic will cost the worlds economies 9. 00 trillion dollars over the next 2 years when it comes as countries around the world face prolonged lockdowns the i. M. F. Chief Economist Says it is the worst economic shock to the world since the Great Depression the 1930 s. Global airlines now stand to lose more than 300000000000. 00 in revenues this year thats the latest forecast from my outer carriers of grounded aircraft and crew amid a growing number of travel restrictions and border closures. China approving human trials for 2 new experimental vaccines against the virus as it fights to prevent a 2nd wave of infections. There been protests in india over the extension of a nationwide lockdown there hundreds of Migrant Workers gathered in mumbai to protest at the measures and a lack of aid from the government the Prime MinisterNarendra Modi extended the lockdown of 1300000000 people up until may the 3rd india has more than 10 and a half 1000 known cases and has reported over 350 deaths elizabeth purana is in new delhi with more on mr modis announcement. The Prime Minister tried to address some of the main issues around those concerns most people in india do agree that the lockdown is necessary as he himself said there were 550 cases when india imposed a lockdown 3 weeks ago there are 10000 cases now and 350 deaths as a lockdown must continue but how do you miss ingate the hardships for so many in a country with so many already poor and hundreds of millions a daily wage as w