Italian cases have slowed, with 602 new deaths and 4,789 new cases The IMF expects a global recession that could be worse than the 2008-2009 global financial crisis Germany could lose nearly €500 billion ($538 billion) through the effects of coronavirus and a partial lockdown Chancellor Angela Merkel has tested negative after being quarantined The global death toll from the SARS-CoV-2 coronavirus pandemic is close to 15,000, around 350,000 people are reported to be infected Read more: Emergencies, disasters, curfews: Who decides what in Germany? Updates in Universal Coordinated Time (UTC/GMT) 17:50 New cases in Italy have fallen for the second day running. Official data data showed 4,789 new cases, nearly 700 fewer than the figure reported yesterday. There were also fewer deaths — 600 compared to 651 on Sunday. Italy is suffering through the worst outbreak in Europe and has imposed a stringent, nation-wide lockdown. Authorities are still waiting to claim success, saying it is too early to determine if cases are actually slowing. 17:41 The International Monetary Fund expects a global recession in 2020 that could be worse the global financial crisis of 2008-2009. The IMF strongly supports “extraordinary” fiscal actions and moves to ease monetary policy in a number of countries, adding that it was paramount… Read full this story
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