Coronavirus: Asian development will grind to a ‘grinding halt’ cautions IMF

Summary

1. The IMF states the effect of the coronavirus on Asia will be “severe, throughout the board, and extraordinary”
2. There is hope of a rebound in 2021, but “it is extremely unsure how this year will advance”, it states
3. Worldwide infections passed the 2 million mark on Wednesday
4. The G20 group of top economies have actually consented to suspend debt payments owed to them by 77 of the world’s poorest nations
5. Germany has actually stated smaller shops can begin opening next week, as it alleviates its restrictions
6. United States President Donald Trump has doubled down on his allegations that the WHO mishandled the crisis
7. Costs Gates, a major WHO donor, has actually stated Trump’s removal of US funding from WHO is “as dangerous as it sounds”