The Australian sharemarket has lost 130 billion dollars in three days following a stellar start to 2020.
Both domestic and American stocks took a beating this week after health authorities warned of an outbreak in the United States.
All types of companies are suffering, with concerns raised that the impact of the global viral outbreak will be long-term.
And it’s not just markets feeling the pressure. The promised budget surplus looks likely to be wiped out.
In the meantime, the Government says they have a plan to deal with the coronavirus.
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.