A mother and her child wearing protective face masks, waiting for a GO-signal at a zebra crossing in downtown Seoul, South Korea, on Friday (April 3). Korean Air pleaded for swift government intervention Thursday. The airline, South Korea's largest, recently put all foreign pilots on unpaid leave for three months and may soon ask its entire workforce of 20,000 to do the same if conditions deteriorate. - Reuters
The outbreak of the Covid-19 (coronavirus) pandemic has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus.
$4 TRILLION BILL FOR CRISIS? The Asian Development Bank forecasts that the coronavirus pandemic will cost the world economy as much as $4.1 trillion, or nearly 5% of all economic activity.
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