Coronavirus live updates: China goes back to work as cases exceed 40,000 – latest news
Death toll inside China rises to 908 as the WHO dispatches a team of experts to Beijing
Foxconn, the company that makes the iPhone, says it is still in talks with the Chinese government over when it can reopen its factories in Shenzhen in the country’s south and Kunshan west of Shanghai, Reuters reports.
But it has been given approval to get workeers back into its facility at Zengzhou in the central province of Henan.
Phillip Inman, economics editor of the Observer, has taken an in-depth look at the effect that coronavirus is having on the global economy.
Among the gloomier possibilities is this:
If the virus continues to spread and Chinese activity remains deeply disrupted for months, a contraction of the global economy is not impossible, particularly as central banks have little effective monetary ammunition for emergencies.
Here’s the full story:
Related: Will the coronavirus outbreak derail the global economy?
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