Health

‘Risk is very high,’ warns WHO, as coronavirus wipes $6 trillion off markets

GENEVA/BEIJING (Reuters) – The coronavirus spread further on Friday, with cases reported for the first time in six countries across three continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to “very high.”

Hopes that the epidemic that started in China late last year would be over in months, and that economic activity would quickly return to normal, have been shattered.

World shares were on course for their largest weekly fall since the 2008 financial crisis, bringing the global wipeout to $6 trillion as supply chains were disrupted, travel plans postponed and major events canceled. [MKTS/GLOB]

The WHO said it was raising its assessment of the global risk to ‘very high’ from ‘high’, which its head of emergencies Dr Mike Ryan said was intended to put national authorities on full alert.

“I think this is a reality check for every government on the planet – wake up, get ready, this virus may be on its way and you need to be ready,” Ryan said.

The latest WHO figures indicate over 82,000 people have been infected, with over 2,700 deaths in China and 57 deaths in 46 other countries.

Mexico, Nigeria, Estonia, Denmark, the Netherlands and Lithuania reported their first cases, all with travel history connected to Italy, the worst-affected European country. Mexico is the second Latin American country to register the virus, after Brazil, and the Nigerian case is the first in sub-Saharan Africa.

A Chinese official said some recovered patients had been found to be infectious, suggesting the epidemic may be even harder to eradicate than previously thought.

WHO spokesman Christian Lindmeier said the organization was looking very carefully into reports of some people getting re-infected.

In addition to stockpiling medical supplies, some governments ordered schools shut and canceled big gatherings to try to halt the flu-like disease. Switzerland canceled next week’s Geneva international car show, one of the industry’s most important gatherings.

Bulgaria said it was ready to deploy troops and military equipment to the border with Turkey to prevent illegal migrant inflows as it steps up measures against the coronavirus. It has not reported any cases. Greece, a gateway for refugees from the Middle East, has also announced tighter border controls.

SURGING OUTSIDE CHINA

The outbreak appears to be easing in China, where it first emerged late last year in an market illegally trading wildlife.

Mainland China reported 327 new cases in the last 24 hours, the lowest in the country in more than a month, and China’s three biggest airlines restored some international flights.

But the virus is surging elsewhere. Countries other than China now account for about three-quarters of new infections.

South Korea, with the most cases outside China, reported 571 new infections on Friday, bringing the total to 2,337, with 13 people dead.

A volunteer keeps watch near an entrance blocked by barricades and shared bicycles at a residential area in Wuhan, the epicentre of the novel coronavirus outbreak, Hubei province, China February 28, 2020. REUTERS/Stringer CHINA OUT.

The death toll in Italy rose to 17 and those testing positive is nearly 900. Cafes and schools have been closed as daily life has ground to a halt.

The WHO’s Ryan said Iran’s outbreak may be worse than realized. Its toll of 34 dead is the highest outside China, although there are reports of much higher numbers. A WHO team is expected to be in Iran by Sunday or Monday.

In the United States, the outbreak of the new coronavirus and efforts to prepare for its possible spread have become political in a presidential election year.

Federal government health officials told lawmakers the country had insufficient testing resources, a source said. But the White House played down the coronavirus crisis and called the high level of news coverage a ploy to hurt U.S. President Donald Trump.

Online retailer Amazon.com joined other companies in implementing travel restrictions for its employees.

OLYMPIC DOUBTS

Japan is scheduled to host the 2020 Olympics in July but Ryan said discussions were being held about whether to go ahead.

Organizers will decide next week on the ceremonial torch relay, due to arrive on March 20 for a 121-day journey. Confirmed cases in Japan have risen above 200, with four deaths, excluding more than 700 cases on a quarantined cruise liner, Diamond Princess.

A British man infected on the ship has died, bringing the death toll among passengers to six.

Slideshow (29 Images)

Prime Minister Shinzo Abe has called for schools to close and vowed to prevent a severe blow to an economy teetering on the brink of recession. [Interactive graphic tracking global spread of coronavirus: open tmsnrt.rs/3aIRuz7 in an external browser.]

Reporting by Stephanie Nebehay in Geneva, Ryan Woo, Yingzhi Yang in Beijing, Lisa Lambert and Mark Hosenball in Washington, Sangmi Chai in Seoul, Leika Kihara in Tokyo, Kate Kelland in London, Tsvetelia Tsolova in Sofia, Michael Shields and Brenna Hughes Neghaiwi in Zurich, Daina Beth Solomon in Mexico City; Writing by Nick Macfie and Rosalba O’Brien; Editing by Jon Boyle, Timothy Heritage and Grant McCool


Source link
Tags
Show More

Leave a Reply

Back to top button
Close
Skip to toolbar