HomeLive CommentsGlobal coronavirus surge, G7 to consider concerted actions

Global coronavirus surge, G7 to consider concerted actions

New cases of coronavirus in China continued to slow. According to the National Health Commission, there were only 125 new confirmed cases on March 2, lowest since data being published in January. Excluding the epicenter of Hubei province, there were only 11 news cases. Total accumulated cases stands at 8015. Death toll rose 31 to 2943.

Outbreak elsewhere shows no signs of slowing,however. South Korea added 477 cases and total at 4812, with 6 new deaths to 34. Italy now stands at 2036, with 52 deaths. Iran stands at 1501, with 66 deaths. Japan is relatively steady at 274 with 6 deaths. Numbers in Europe are surging, however, with France at 191 and 3 deaths, Germany at 165 and Spain at 120. USA at 100 might soon take over Singapore’s 108. Hong Kong stands steady at 100.

French Finance Minister Bruno Le Maire said on Monday that G7 countries will take “concerted action” to limit the economic impact of the coronavirus outbreak. He told France 2 television, “There will be a concerted action. Yesterday I spoke with the G7 president, the U.S. Treasury Secretary Steven Mnuchin, and this week we will have a meeting by phone of the finance G7 ministers to coordinate our responses.”

Featured Analysis

Learn Forex Trading