Updated 13 hours ago - Health

World coronavirus updates: UN warns of recession with "no parallel" to recent past

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Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 859,000 and the death toll exceeded 42,000 early Wednesday, per Johns Hopkins data. Italy reported more than 12,000 deaths.

  • Governments around the world have introduced public health and economic measures to try and curb the impact of the virus.

What's happening: Guterres said at the launch of a UN report on the potential socioeconomic impact of COVID-19 that the pandemic could bring a global recession that "probably has no parallel in the recent past."

  • Guterres said "an immediate co-ordinated health response to suppress transmission and end the pandemic" was needed, as he called on industrialised nations to help poorer countries "face the nightmare of the disease spreading like wildfire."
  • Hungary's parliament passed a law Monday to allow Prime Minister Viktor Orbán almost unlimited power for an indefinite period to fight the virus.
  • Spain and Italy extended lockdown deadlines on Monday, as Italy became the second country in the world to surpass 100,000 confirmed coronavirus cases.
  • The coronavirus is providing cover to autocrats, dictators, and even some democratically-elected leaders who were already looking for reasons to undermine the independent media.
  • India's three-week lockdown is the largest ever attempted, and it sparked South Asia's greatest migration since partition in 1947.
  • Israeli Prime Minister Benjamin Netanyahu's office said Monday he will self-isolate after an aide tested positive for the virus, but later tested negative himself for the disease.

Economic impact: The virus has caused a "global shock" and significant economic pain "seems unavoidable in all countries," the World Bank said in an economic update for East Asia and the Pacific on Monday.

  • The World Bank projected growth in China, where the outbreak began, would slow 2.3% in the baseline scenario, or as low as 0.1% in the lower-case scenario.

Coronavirus symptoms: Fever, cough, shortness of breath.

Editors note: This article will be updated regularly with breaking news.

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