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.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccinesWisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b---ards" for continuing to cover pandemic.
  5. World: Ireland moving back into lockdown as cases surge — Argentina becomes 5th country to report 5 million infections
Updated 1 hour ago - World

In photos: Coronavirus restrictions grow across Europe

A closed-down pub in Dublin on Oct. 19. Under Ireland's new six-week-longh measures, taking effect at midnight on Oct. 21, most must stores close, home visits will be banned and a three-mile travel limit will be imposed for exercise.

The Republic of Ireland's Taoiseach Micheál Martin announced Monday evening the country would this week return to its highest level of lockdown restrictions.

The big picture: Restrictions are returning across Europe as the continent faces a second coronavirus wave. Several countries have imposed regional lockdowns, but Ireland is the first to return to a full nationwide lockdown. Take a look at what's happening, in photos.

Dion Rabouin, author of Markets
3 hours ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.