Coronavirus live updates: Here's how COVID-19 has spread throughout the world.
Temporary closed signage is seen at a store in Manhattan borough following the outbreak of coronavirus disease , in New York City, U.S., March 15, 2020.The year 2019 brought with it record store closures in the retail industry in the U.S., and. Retail store closures this year are now on pace to be "double what we saw last year," which was a record year, said Deborah Weinswig, CEO and founder of retail advisory and research firm Coresight Research.
"Preparing for the spread of the coronavirus outbreak is a national priority and we're calling on the manufacturing industry and all those with relevant expertise who might be able to help to come together to help the country tackle this national crisis," a Downing Street spokesperson said late Sunday.
"We need to step up production of vital equipment such as ventilators so that we can all help the most vulnerable, and we need businesses to come to us and help in this national effort."5:28 am: Impact will last at least until the third quarter, Germany's economy ministry says The German economy ministry said the impact of COVID-19 meant it no longer expected an economic upswing in the first quarter, Reuters reported. The ministry added that the economy was unlikely to stabilize before the third quarter at the earliest. "The strength and duration of the impact cannot yet reliably be forecast," the ministry said. "But given the very rapid pace of developments, we have to anticipate significant economic impacts.
Britain's Prime Minister Boris Johnson visits a laboratory at the Public Health England National Infection Service in Colindale on March 1, 2020 in London, England.
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