Coronavirus, the global economic effects

The coronavirus death toll in China has surpassed 2.000 cases, although there has been a noticeable drop for the second consecutive day. Apparently there are the first effects of the forced preventive actions: the authorities have strengthened containment measures in the city of Wuhan.

La National Health Commission of China reported 1.749 new cases, the lowest daily increase since January 29, bringing the total number of infected to over 74.000, with 2.004 deaths.

The Hubei region reported 1.693 new cases on Tuesday, down from 1.807 the previous day while the death toll rose from 132 to 1.921.

Outside China, five deaths and 827 cases have so far been reported. More than half of the infected people were on the cruise ship quarantined off Japan. Hundreds of people have started to leave the Diamond Princess cruise ship.

The government Canadian aims to evacuate citizens on board the cruise ship on Thursday or Friday.

A senior Chinese official said 1.716 health workers were infected and six of them died.

World Health Organization (WHO) director general Tedros Adhanom Ghebreyesus said that the Chinese data "seem to show an inflection of new cases", but any news "must be interpreted with great caution".Tedros said there have been 92 cases of human-to-human coronavirus spread in 12 countries outside of China.

Hong Kong he recorded his second death from the virus today.

La South Korea reported 20 new cases of coronavirus, including 14 people present in an outbreak found in the central city of Daegu.

There is no indication that there are cases of coronavirus in the North Korea, a WHO official said, despite South Korean media reports reporting the outbreak has spread to the isolated part of the country.

La Malaysia plans to hit a record 30 million tourists this year, following a drop in tourists expected for China, a tourism official told Reuters.

Il Japan, which will host the 2020 Summer Olympics in July, has seen the number of foreign visitors drop for the fourth consecutive month since last January. Orders for Japanese machinery collapsed at a faster pace than the 2018 crisis and exports recorded a decrease for the 14th consecutive month.

Large manufacturing centers on the Chinese coast are starting to encourage pedestrian movement on pavements, while local governments are pushing factories to restart production.The drop in the number of new coronavirus cases in China and the increase in expectations for further government stimulus has favored global stock markets, helping to raise the alarm of Apple's departure from China.China has decided, due to the outbreak, not to send officials to the G20 of finance ministers and central bank governors to be held in Riyadh.Foreign pilots of some Chinese airlines have returned to their home countries and are considering choosing other jobs after being placed on unpaid leave due to falling demand due to coronavirus, a former pilot reported Reuters.

I Macau casino, the largest in the world, will reopen on Thursday after being closed for two weeks, but all bettors and croupiers will have to wear masks at the tables.

La Mongolia It will keep all its schools closed until March 30 to prevent the spread of coronavirus in the country, the government said today.

La Thailand It is preparing new measures to help the economy cope with the consequences of the coronavirus, the finance minister said today.

Growth forecasts forItaly by 2020 they could be very low if the emergency resulting from the coronavirus epidemic continues, the Minister of Economy said today.

Commercial sources say that a growing list of guests have retired from International Petroleum Week in London, one of the largest global meetings of the oil industry. SOCAR, Exxon (XOM.N) and Shell (RDSa.L) are the latest to have canceled the events.

GM and FCA resume operations in China General Motors and Fiat Chrysler have either reopened plants or are beginning to restart production in China after the lunar New Year holiday exceptionally extended due to the coronavirus outbreak. FCA has reactivated the Guangzhou factory, while a second plant will resume "operations shortly". GM “has started the process of resuming production”, part of a two-week journey involving its 15 plants.

 

Coronavirus, the global economic effects

| EVIDENCE 2, MONDO |