The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus.
________________________ GLOBAL MALAISE: Economists are still trying to put into context the shock that the world has absorbed, and will absorb.
On Tuesday, the International Monetary Fund put the damage at Great Depression levels. — France is forecasting an 8% drop in growth this year and is staring down its worst recession since World War II.
And that 8% drop may be optimistic, Finance Minister Bruno Le Maire said Tuesday. France is pumping money into unemployment benefits and helping struggling businesses.