A woman at the Piazza Navona in Rome on April 29. Photo: Andreas Solaro/AFP via Getty Images

Over 4 million workers have applied to Italy's national welfare agency to get €600 payments (roughly $650) for wages lost due to the country's stay-at-home order, the agency tweeted on Wednesday.

The big picture: Italy plans to phase out of the world's longest-running coronavirus lockdown next week. As factories and construction sites reopen, the country will have to keep infections down to prevent another novel coronavirus spike.

Where it stands: The agency initially predicted that 2.3 million people would apply to the fund, Reuters reports. 630,000 applications for financial help are currently being verified, tweeted the agency, INPS.

  • Italy's unemployment rate is expected to hit 11% this year, per Statista.
  • Bloomberg Economics forecasts a 13% shrinkage in the country's GDP this year, while the government predicts the GDP will contract by 8%.

Go deeper: Italy reports lowest single-day coronavirus death toll since March 12

Go deeper

Updated 13 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

An uptick in coronavirus cases in Europe is stoking fears that some countries, including France and Germany, could see a second wave, The New York Times reports.

The big picture: Both Germany and France have reported their highest number of new daily COVID-19 cases in months this past week. Some coronavirus mitigation efforts, like social distancing, aren't being enforced as strongly as they previously were.

Aug 5, 2020 - Health

Florida surpasses 500,000 confirmed coronavirus cases

Emergency at Coral Gables Hospital near Miami on July 30. Photo: Chandan Khanna/AFP via Getty Images

Florida has reported over 500,000 total confirmed coronavirus cases as of Wednesday, according to the state's health department.

Why it matters: Florida joins California as the only two states to surpass this milestone. Texas, which is reporting the third-most confirmed cases in the country, is not far behind, according to Johns Hopkins data.

Coronavirus hotspots begin to improve

Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Danielle Alberti, Sara Wise/Axios

Coronavirus infections are falling or holding steady in most of the country, including the hard-hit hotspots of Arizona, California and Florida.

The big picture: A decline in new infections is always good news, but don't be fooled: the U.S. still has a very long way to go to recover from this summer's surge.