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France closes schools and universities due to coronavirus
The coronavirus epidemic is just beginning, warns Emmanuel macron.
On the evening of Thursday, March 12, French President Emmanuel macron announced in a televised address to the nation that all schools, kindergartens and universities would be closed. All educational institutions in the country will stop working from March 16 “until a new order”, according to the newspaper Le Monde.
Macron also asked all people over the age of 70 and those with chronic diseases to stay at home. Continue reading
Rating Agency S&P predicted a global recession
The world economy this year will be in recession for the first time since 2009, writes S&P Global Ratings.
The rating Agency S&P Global Ratings released a report “global recession here and now”. Experts predict that the world economy will be in recession in 2020 due to the coronavirus pandemic. Global GDP growth will be only 1-1. 5%, the Agency predicted.
China’s economy has suffered much more damage than previously thought, despite showing “uncertain” stabilization, s&p said. Continue reading
