A police officer stands at New Delhi's border barricade during lockdown by the authorities to limit the spreading of coronavirus disease (COVID-19), in New Delhi, India March 23, 2020. REUTERS/Adnan Abidi
SYDNEY/HONG KONG: Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
"Further deterioration in the COVID-19 outbreak is severely damaging the global economy," Morgan Stanley analysts warned on Monday. "We expect global growth to dip close to GFC lows, and U.S. growth to a 74-year low in 2020."
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