Feb 5, 2020 - Economy & Business

S&P predicts coronavirus will stabilize by April

Dion Rabouin, author of Markets

The novel coronavirus outbreak has continued its global rampage, but experts are beginning to see signs of improvement in detection and treatment on the horizon.

Driving the news: S&P Global announced Tuesday it expects the crisis will "stabilize globally in April 2020, with virtually no new transmissions in May. Our worst-case projection holds that the virus stops spreading in late May, and optimistically in March."

  • "Growth should stabilize later in 2020 and recover through early 2021 as the temporary effect on activity wanes."
  • "Relief measures including tax cuts and subsidies are likely. "

Yes, but: S&P analysts caution "if the disease is not swiftly brought under control, slower economic growth would exacerbate already weaker fiscal performance in many parts of the Asia-Pacific."

  • "Risk aversion and tighter financial conditions could amplify the impact, including on investment."

The big picture: Sectors impacted by the outbreak include banking, property, gaming, hotels, retail, tourism and transport.

Don't sleep: Expectations for the outbreak's peak have already been moved back. Zhong Nanshan, who leads the special committee of China's State Committee on Health and is the epidemiologist who discovered the SARS coronavirus in 2003, predicted in January that coronavirus cases would hit their peak within 10 to 14 days of the initial outbreak.

Go deeper:

Go deeper

Updated 33 mins ago - Politics & Policy

Amnesty International: U.S. police must end militarized response to protests

Washington State Police use tear gas to disperse a crowd in Seattle during a demonstration protesting the death of George Floyd. Photo: Jason Redmond/AFP via Getty Images

Amnesty International issued a statement on Sunday morning calling for an end to militarized policing in several U.S. cities and the use of "excessive force" against demonstrators protesting police brutality.

Why it matters: The human rights group said police across the country were "failing their obligations under international law to respect and facilitate the right to peaceful protest, exacerbating a tense situation and endangering the lives of protesters."

55 mins ago - Health

Coronavirus looms over George Floyd protests across the country

Protestors rally in Minneapolis. Photo: Tayfun Coskun/Anadolu Agency via Getty Images

Health experts fear that massive protests against police brutality in major cities around the United States could result in new coronavirus outbreaks due to the close proximity of demonstrators, AP reports.

Why it matters: The U.S. has already recorded more confirmed coronavirus cases and deaths than any other country in the world. A potential surge in cases stemming from the protests would come as many states are weeks into their phased reopening plans.

The cracks in Trump’s GOP shield

Photo Illustration: Sarah Grillo/Axios. Photo: Doug Mills-Pool/Getty Images

President Trump’s mockery of coronavirus masks, his false claims about the dangers of voting by mail and his insinuations that a cable TV nemesis was involved in a murder are testing more high-profile Republicans' willingness to look the other way.

The big picture: Republicans learned a long time ago how dangerous it is to alienate Trump’s base — which is why any hint of disagreement, even a whisper, is so remarkable when it happens.