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COVID 19: Worldwide Economic Tsunami


24 March 2020

Moody’s Analytics Chief Economist Mark Zandi warned in a report the COVID-19 pandemic has created a “worldwide economic tsunami” and warned of “more financial pain” to come. He concluded that governments’ responses to the outbreak will dictate the extent of the damage.

Meanwhile, Macau and Hong Kong implemented strict new measures to curb, the UK government orders citizens to stay at home and a funding packages fails to get enough votes in the U.S. 

As of March 23, the number of confirmed cases globally stood at 334,981 with 14,652 deaths, according to the World Health Organisation.

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