Keiko Kobayashi (left) and Sachiko Aoki, both employees of a staffing services company Pasona Inc working as their children entertain themselves behind at the company's headquarters on Monday (March 2) in Tokyo. Many Japanese schools were shut down Monday and spring holidays began unexpectedly early for children as part of a government-led measure to prevent further escalation of the coronavirus. The measure is a big burden and a headache for working mothers, especially those with small children or disabilities. - AP
HONG KONG: Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond to a fast-changing situation, according to the Organisation for Economic Co-operation and Development (OECD).
As central banks around the world try to calm a market panic, the Paris-based group also warned of possible global contraction this quarter. It cut its full-year growth to just 2.4% from 2.9%, which would be the weakest since 2009.
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