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Wednesday 11 March 2020

Coronavirus: global recession fears intensify as Trump's Europe ban fails to reassure

Trump’s speech to nation falls flat as Italy’s PM brings in further quarantine measures in wake of WHO declaring a pandemic

A dramatic attempt by Donald Trump to limit the spread of coronavirus by banning travel to the US from most of Europe for 30 days has failed to stem heavy losses on financial markets and prompted one top economist to warn that a global recession was now “highly probable”.

In a sombre primetime address from the Oval Office on Wednesday evening, the US president boasted that the travel ban and series of other measures designed to cushion the economic blow of the outbreak amounted to “the most aggressive and comprehensive effort to confront a foreign virus in history”.

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from The Guardian https://ift.tt/339GwiN

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