The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.
________________________ GOVERNMENT & CENTRAL BANKS: Governments around the globe are laying out billions of dollars to stabilize their economies even as revenue from taxes seizes up. — The famous French cafes, along with restaurants and bars, will remain closed at least through May.
In support, Finance minister Bruno Le Maire said the government is further deferring tax payments and extending short-term unemployment payouts to support those businesses. — Factory orders in the U.S.