Apple Magazine - USA - Issue 438 (2020-03-20)

Governments and central banks are scrambling

to find ways to keep businesses from going

bankrupt as the virus outbreak grinds the world

economy to a halt.

A day after Wall Street endured its worst daily

drop since the crash of 1987, European markets

wavered, while U.S. stocks recovered about half

of their losses. There is tremendous volatility,

with the extent of economic damage from the

pandemic still anyone’s guess. Factories are

closed, retail stores are closed, travel has ground

almost to a halt and billions of people are

sheltering at home, going outside only to find

essential supplies.

Here is a look at how the outbreak is reshaping

the global economy and how individuals,

businesses and governments are responding.

GOVTS PLEDGE AID AS GLOBAL COMMERCE SEIZES IN FACE OF VIRUS