The retreat in travel by land, sea and air is unprecedented
5 min read
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus.
GLOBAL SHOCK: There is no place on earth inhabited by humans that is not being hit by the economic shock of the pandemic. The U.S. rolled out a $2.3 trillion plan to stabilize the economy Thursday.
— Oxfam is warning half a billion people in the developing world could be pushed into poverty. In a report based on research at King’s College London and the Australian National University, Oxfam is calling for the immediate cancellation of $1 trillion in debt payments due from developing countries this year.
— Sub-Saharan Africa is expected to fall…
Source news reuters.com, click here to read the full news.