•   
  •   

UK News Coronavirus brings UK economy to temporary standstill – report

02:30  23 march  2020
02:30  23 march  2020 Source:   msn.com

Because of Coronavirus: Ferrari stops production in the factory

 Because of Coronavirus: Ferrari stops production in the factory © Shutterstock The gates of Gestione Sportiva will remain closed until March 27th The Italian sports car manufacturer Ferrari with the Formula 1 team of the same name has declared in a reaction to the Coronavirus pandemic to close the factory in Maranello (Gestione Sportiva) with immediate effect. The measure is valid until March 27.

The coronavirus epidemic might have only a limited immediate impact on the U.S. economy , but by creating further uncertainty and disrupting supply The temporary boost in business sentiment and investment that could have been expected from the U.S.-China trade deal last month is going to be

The coronavirus epidemic is spreading further in China and Chinese experts believe that it could peak in 10 to 14 days. Around 45 million people in the Chinese In Germany, carmakers such as VW and BMW have announced the temporary closure of their production plants in China, saying they expect

a group of people walking down a sidewalk next to a fence: A quieter Coventry city centre after pubs and restaurants were across the country (Jacob King/PA) © Jacob King A quieter Coventry city centre after pubs and restaurants were across the country (Jacob King/PA)

The coronavirus outbreak has brought the UK economy to a temporary standstill, according to a quarterly report.

KPMG UK’s latest quarterly Economic Outlook forecasts a 2.6% decline for 2020 – with flat growth predicted in the second half of the year.

But a protracted outbreak of Covid-19 could also result in a more severe impact than the 2008-09 downturn with a 5.4% fall.

In both scenarios though, the report suggests the country’s economy is expected to recover by the second half of 2021 – assuming the public health measures put in place stem the rise in the number of cases.

Coronavirus: fears of social tensions and violence in the south of Italy

 Coronavirus: fears of social tensions and violence in the south of Italy https://fr.euronews.com/2020/03/14/l-italie-voyage-dans-un-pays-deserte © Fournis by Euronews Southern Italy, like the rest of the country, is facing the coronavirus crisis. But now, is a social crisis that also threatens the south of the peninsula , more disadvantaged, and where moonlighting occupies a large part of the economy. For a large part of the population in the Naples region, no state aid or social protection.

Coronavirus quarantine and related restrictions have brought 17 enterprises that are part of "The 17 enterprises have introduced the regime of a full or partial standstill . This means that the enterprises As UNIAN reported earlier, the Ukrainian government has approved restrictive measures to address

Russia has already temporarily banned entry to almost anyone coming from Italy as of Friday, as tourists who recently traveled to that country – currently the Also on rt.com Moscow declares HIGH ALERT over coronavirus threat, imposes mandatory self-quarantines & workplace health checks.

Yael Selfin, KPMG UK’s chief economist, said: “The Covid-19 pandemic is first and foremost a human crisis.

“But there will also be a very substantial negative impact on the global economy and the UK’s economic performance this year and potentially next, but the economy is expected to recover by the second half of 2021.

“Until we know how and when the Covid-19 outbreak will end, the scale of the negative economic impact will be difficult to quantify.

“However, it is now almost certain that the UK is slipping into its first significant downturn in over a decade.”

On Friday, Chancellor Rishi Sunak said employers would be able to apply to HM Revenue and Customs to cover 80% of the wages of staff they keep on up to £2,500 a month.

Economists have said the bill to taxpayers for the Government’s unprecedented scheme could run to billions of pounds a month.

Hundreds dead in Iran after consuming methanol thinking it was coronavirus protection

  Hundreds dead in Iran after consuming methanol thinking it was coronavirus protection More than 300 people have died and a further 1,000 have fallen ill in Iran after consuming methanol in the belief that it will protect them against the coronavirus, according to local media. Fake remedies have spread across Iranian social media, with methanol simply the latest supposed cure. As an Islamic nation, the consumption of alcohol is banned, but bootleggers have distributed industrial alcohol.

Not Anymore. On Thursday, health officials in China reported more than 14,000 new cases in Hubei Province alone. A worker cleans the floor of a temporary ward for patients with coronavirus in Wuhan, China. Credit Xiao Yijiu/Xinhua, via Associated Press.

Go to NHS. UK / coronavirus for information about the virus and how to protect yourself. Sign up for email alerts to get the latest information. Number of cases. As of 9am on 18 March 2020, 56,221 people have been tested in the UK , of which 53,595 were confirmed negative and 2,626 were

The Bank of England also cut the base rate of interest to a record-low 0.1% to ease pressure during the pandemic.

In Scotland, a £350 million support fund was announced to help those left struggling in the wake of the outbreak as part of Scottish Government measures worth around £1.9 billion.

Catherine Burnet, senior partner at KPMG UK in Scotland, said: “The latest Economic Outlook data highlights the scale of the challenge facing businesses across Scotland.

“Fiscal measures and immediate relief action from the Scottish and UK Governments have gone some way to help mitigate some of the damage, but there’s widespread acknowledgement that more action will be needed in the coming months to keep the economy moving.

“The business community also needs to work together more collaboratively than ever before to ensure we’re playing our role in supporting employees, customers and wider society.”

Coronavirus: Mortuary extension set up in London to prepare for increased deaths

  Coronavirus: Mortuary extension set up in London to prepare for increased deaths A temporary mortuary extension has been built at a London coroners court as a “precautionary” response to the coronavirus outbreak. The temporary building, which provides extra storage capacity of 112, was erected next to Westminster Coroner’s Court on Wednesday. The addition came on the same day that the UK coronavirus death toll reached 104, with the Department of Health saying on Wednesday that there were 2,626 positive cases in the UK, up 676 from 1,950 at the same time on Tuesday. © Provided by Yahoo! News UK The temporary structure erected on Wednesday has an extra capacity of 112.

Oxford Economics said it still expected the impact of the virus to be limited to China and to have a significant, but short-term impact, bringing world The growth of new confirmed cases of the deadly coronavirus has slowed down this week, but experts warn it is too early to call the all-clear for the risk

The coronavirus has infected nearly 79,000 people in China and killed more than 2,700. More than 3,200 cases and 51 deaths have been reported in Investors around the world are now looking to see if central banks respond with efforts to prop up the economy . Chinas's central bank has already taken

Over the weekend, pubs, clubs, restaurants and other town centre staples were told to close by both Prime Minister Boris Johnson and First Minister Nicola Sturgeon.

a close up of a busy city street: Edinburgh’s Royal Mile during the coronavirus outbreak (Jane Barlow/PA) © Provided by PA Media Edinburgh’s Royal Mile during the coronavirus outbreak (Jane Barlow/PA)

While the move itself is a bid to halt the spread of the virus, it has brought uncertainty to many employers even with the announced financial support.

Mr Selfin added: “With the UK’s government charged with meeting an ambitious timetable for its post-Brexit trading relationship with the EU, the scope for further economic uncertainty this year was already high.

“However, the Covid-19 pandemic represents a far more dramatic short-term disruption to growth.

“While both governments and central banks have moved quickly to offer fiscal and monetary policy support to the global economy, more will be needed to shore up the economy in the short term, including measures to help the most vulnerable businesses and households and prevent a deeper economic slump.

“The impact of the pandemic will be far reaching.

“It is likely Covid-19 will result in a massive expansion in government debt and this could threaten to dislodge the Government’s original vision to ‘level-up’ the UK economy, long after the pandemic is past – leaving the Chancellor with a big challenge on his hands.”

Matuidi, his wife's message .
© Provided by Sports.fr Panoramic Isabelle Matuidi gave news of her husband, who tested positive for coronavirus. The coronavirus pandemic continues to develop. Each day brings with it its share of new cases among which, on the other side of the Alps, that of Blaise Matuidi. Juventus Turin announced on Tuesday that the tri-color world champion […] Isabelle Matuidi gave news of her husband, who tested positive for coronavirus. The coronavirus pandemic continues to develop.

—   Share news in the SOC. Networks
usr: 3
This is interesting!