this week in areas with the largest numbers of infections.The German health minister said the outbreak was now a"global pandemic" - a term the World Health Organization has stopped short of using, meaning the virus is spreading in several regions through local transmission.
American businesses are increasingly concerned over access to goods and the overall economic outlook is more uncertain, the US Federal Reserve said in its beige book survey released on Wednesday. "At a time of uncertainty ... it is better to do more than to do not enough," IMF chief Kristalina Georgieva said.Eurozone ministers agreed after a meeting that they were ready to"use all appropriate policy tools to achieve strong, sustainable growth".As the virus continues its march across the world, governments are scrambling to tighten prevention efforts.
"But in case of exponential growth, not just Italy but any other country in the world would not be able to manage the situation," he said.