Share prices were on track for the worst week since the global financial crisis in 2008 as virus-related disruptions to international travel and supply chains fuelled fears of recession in the United States and the Euro zone.
“And frankly at this stage after the coronavirus-related slowdown in travel plans that has busted the global supply chain apart, it will be a miracle if we avoid a recession.” “No country should assume it won’t get cases, that would bea fatal mistake, quite literally,” Tedros said, pointing to Italy, where 17 people have died in Europe’s worst outbreak.Medical Stockpiling
In Europe, France’s number of reported cases doubled, Germany warned of an impending epidemic and Greece, a gateway for refugees from the Middle East, announced tighter border controls.The number of people who tested positive for the illness in Italy increased by more than 200 to 650. Germany has about 27 cases, France around 18 and Spain 15.
Scientists warned that much remains unknown about the virus,including how long it can survive on surfaces.
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