Europe braces for worsening economic prognosis amid coronavirus
01 March 2020 - 18:27
Europe is bracing for more fiscal fallout from the coronavirus with hard-hit Italy planning to spend money to prop up its already weak economy and German car makers warning of a dip in demand.
The Italian government aims to spend €3.6bn to help weather the crisis, including measures to cushion the economic effect on northern Italy, the focus of the country’s outbreak, finance minister Roberto Gualtieri told La Repubblica newspaper. With more than 1,000 confirmed cases reported, Italy is the epicentre of coronavirus in Europe, with the third-most infections in the world behind China and South Korea...
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