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Monitor CoronaVirus 4 April 2020 – World Bank warns of major recession

CoronaVirus

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Key Points:

  • Confirmed cases 1 117 860
  • Deaths 59 203

Live CoronaVirus Monitor here

  •  World Bank says economic crunch likely to hit poorest countries hardest as infections hit almost 1.1 million people.
  • Trumps says he will not wear mask but orders halt on export of masks, gloves
  • Thailand reports 89 new cases, bans passenger flights from landing
  • South Korea adds 3 more deaths and 94 new cases
  • Tesla dismissing contractors from California and Nevada, sources say
  • SA numbers continue to grow, Health Minister Mkhize warns about coming storm

 

World Bank says economic crunch likely to hit poorest countries hardest as infections hit almost 1.1 million people.

The world’s two leading financial institutions have warned of dire economic disruptions as the coronavirus pandemic continues to spread around the globe, with record numbers of deaths and infections reported in Europe and the United States.

 

World Bank Group President David Malpass on Friday said the health emergency was expected to cause a “major global recession” that would likely hit the poorest and most vulnerable countries the hardest, while the International Monetary Fund described the situation as a “crisis like no other”

 

Uncertainty over the true number of Covid-19 cases in South Africa has led to confusion, and concerns have been raised that the real rate of infection could be much higher.

 

Health minister Zweli Mkhize said twice this week that this could be the case, cautioning against optimism over intermittent dips in South Africa’s rate of infection. 

On Friday, in the Western Cape, Mkhize referred to an earlier warning, that the seemingly low rates of infection were the “calm before the storm”. He said there was scientific evidence showing that the number of internal transmissions was much higher than initially thought.

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