Regions urge commitment to joint fight, global economy foreseen down in deepest recession

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recession
recession

The world is now in a battle against COVID-19, a disease caused by a previously unknown coronavirus that has spread to over 200 countries and regions.

The following are the updates on the contagious disease.
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HANOI — Leaders of the 10 member states of the Association of Southeast Asian Nations (ASEAN) on Tuesday reaffirmed commitment to unity and joint action to curb the spread of the COVID-19 pandemic and its impact on people’s livelihood and economy.

“We pledge to remain united and vigilant against COVID-19 and commit to work closely with the WHO (World Health Organization), ASEAN’s external partners and the international community to suppress the spread of the pandemic, protect people’s lives and livelihoods, maintain socioeconomic stability while sustaining ASEAN Community building momentum for sustainable development, inclusive growth and leaving no one behind,” said a joint declaration from the regional bloc’s special meeting on COVID-19.
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MOSCOW — Leaders of the Eurasian Economic Union (EAEU) countries on Tuesday urged all nations to stop conflicts and join efforts in the fight against COVID-19.

“We call on all states to maintain international cooperation, strengthen confidence, end all international conflicts and trade wars, and lift unilateral financial and economic sanctions,” they said in a statement from an online conference of the Supreme Eurasian Economic Council, the highest governing body of the EAEU, on jointly fighting the coronavirus.

The council comprises leaders of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan — members of the Moscow-led regional bloc established in 2015.
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LONDON — The death toll of those hospitalized in Britain who tested positive for the novel coronavirus reached 12,107 as of Monday afternoon, marking a daily increase of 778, the Department of Health and Social Care said Tuesday.

As of Tuesday morning, the number of confirmed cases of COVID-19 in Britain reached 93,873, said the department, adding that 382,650 tests have concluded, with 14,982 tests on Monday.
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WASHINGTON — Finance ministers and central bank governors of Group of Seven (G7) industrialized nations on Tuesday reaffirmed their close coordination to fight the COVID-19 pandemic and mitigate its impacts.
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WASHINGTON — The global economy is on track to contract “sharply” by 3 percent in 2020 as a result of the COVID-19 pandemic, much worse than during the 2008-09 financial crisis, according to the World Economic Outlook (WEO) report released by the International Monetary Fund (IMF) on Tuesday.

The world has changed dramatically in the last three months, IMF Chief Economist Gita Gopinath said during a virtual news conference, noting that the latest projection is 6.4 percentage points lower than the IMF’s January WEO.

Calling it the deepest recession since the Great Depression of the 1930s, Gopinath said that the cumulative global output loss across 2020 and 2021 is expected to total 9 trillion U.S. dollars.
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BERLIN — The daily number of new coronavirus infections continued its downward trend in Germany on Tuesday. During the past 24 hours, the registered increase was 2,082 to a total of 125,098, the Robert Koch Institute (RKI) announced.

More than half of infected people in Germany (68,200) have already recovered from COVID-19, according to the RKI. The number of deaths from the new coronavirus in Germany increased by 170 to 2,969 on Tuesday.

The numbers in Germany “show some positive trends,” said RKI President Lothar Wieler. “It is nice to see that our efforts are paying off.”
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ADDIS ABABA — Africa’s death toll from the COVID-19 pandemic reached 816 as the confirmed cases totaled 15,249 as of Tuesday, the Africa Center for Disease Control and Prevention (Africa CDC) said.

The figures were compared to 14,524 confirmed cases and 788 deaths on Monday.

On the continent, the seriously affected countries include South Africa with 2,272 confirmed cases, Egypt with 2,190, Algeria with 1,914, and Morocco with 1,763.
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NEW DELHI — India’s Health Ministry on Tuesday evening said the death toll due to COVID-19 in India has risen to 353 and the total number of confirmed cases in the country reached 10,815.

This is a jump of 14 deaths and an increase of 452 cases since Tuesday morning. According to ministry officials, so far 1,190 people have been discharged from hospitals after showing improvement.

Tuesday marks the 21st straight day of ongoing lockdown across the country announced by the government to contain the spread of the pandemic.
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BEIJING — China has approved three COVID-19 vaccine candidates for clinical trials, said an official with the Ministry of Science and Technology (MOST) on Tuesday.

An adenovirus vector vaccine, developed by a research team led by Chen Wei, an academician with the Chinese Academy of Engineering and a researcher at the Institute of Military Medicine under the Academy of Military Sciences, was the first to be approved to enter clinical trials, said Wu Yuanbin, director-general of science and technology for social development with the MOST, at a press conference. Enditem

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