The impacts of the Covid-19 pandemic in some respects are unprecedented in recent history. Based on data from the World Health Organisation (WHO), as at March 29, there were 575,444 confirmed cases involving 202 countries/territories/areas, and 26,654 deaths around the world.
Many countries are imposing total lockdowns, restricting movements, controlling borders or some combination of these measures. The result is disruptions in global supply chains and a weakening of consumption. An economic crisis is inevitable.
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