Markets in Asia continued to slide after a steep drop on Monday, as 1,000 guests are on lockdown in Tenerife Hotel linked to the illness
: Whether the outbreak will have an effect on the Tokyo Olympics, which kick off on July 24. Japanese health minister Katsunobu Kato said it is: $1 trillion. That’s how much a global coronavirus pandemic could cut global GDP by, according to economic forecaster Oxford Economics. In a global pandemic scenario, U.S. and European economies could enter a technical recession in the first half of the year, but recovery would be fast.
Supply chains of the world’s biggest tech companies, retailers and carmakers have been impacted by labour shortages and factory shutdowns. More than 80,000 people—10 times more than the 2003 SARS outbreak—have been infected with the coronavirus in more than 30 countries, while more than 2,600 have died.
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