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This week has seen a flurry of economic policy responses to the outbreak of Covid-19, which is continuing to spread across the world. The week began with the Organisation for Economic Cooperation and Development (OECD) issuing a sobering warning that global economic growth this year could almost halve to 1.5 per cent, compared with a pre-coronavirus forecast of 2.9 per cent, in the event that the Covid-19 outbreak turns out to be long-lasting and intensive. The outbreak is the gravest threat to the global economy since the global financial crisis, the OECD said, and it urged governments to act swiftly and forcefully to take countervailing action.
READ MORE: https://www.straitstimes.com/opinion/st-editorial/bracing-for-long-battle-against-covid-19.
Covid-19 puts Abe on the ropes as Xi cancels summit trip to Tokyo
Japan’s Prime Minister is feeling the strain from the coronavirus outbreak on multiple fronts
Anybody who knows something of Japanese culture would be aware of the average salaryman’s pride in leaving daily for work – and returning late – a tiny signal to the neighbours that your boss wants you around while entertaining a client, dealer or higher-up.
READ MORE: https://www.straitstimes.com/opinion/covid-19-puts-abe-on-the-ropes-as-xi-cancels-summit-trip-to-tokyo
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