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- Global cases: At least 334,981, according to the latest figures from the World Health Organization
- Global deaths: At least 14,652, according to the latest figures from the WHO
All times below are in Beijing time.
9:41 am: Moody’s Analytics says coronavirus outbreak has created a global ‘economic tsunami’
Moody’s Analytics said the coronavirus outbreak has created a “worldwide economic tsunami” and that the global economy is “engulfed in a serious downturn.” The virus has caused significant parts of Asia, Europe, and the U.S. to shut down or significantly reduce economic activities.
“More financial pain is quickly coming as layoffs mount, businesses curtail investment, and retirement nest eggs evaporate,” Chief Economist Mark Zandi said in a report. “Central banks have responded aggressively but are running out of room to maneuver as interest rates hit the zero lower bound. The onus is now on governments to quickly provide…