Britain, in announcing its £330 billion (US$400 billion) stimulus package on Tuesday, said lockdowns could last up to 18 months until a vaccine becomes available, while the Australian government said quarantines could continue for six months. Photo: AP

Coronavirus: global recession in 2020 now seen as guaranteed as outbreak ravages Europe, US

  • Hope for rapid global economic recovery has faded, with some analysts predicting the downturn may last until next year
  • Escalation of containment measures in Europe and the US, along with weak Chinese economic data, are seen as tipping points in the outlook for the economy
Topic |   Coronavirus outbreak

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Britain, in announcing its £330 billion (US$400 billion) stimulus package on Tuesday, said lockdowns could last up to 18 months until a vaccine becomes available, while the Australian government said quarantines could continue for six months. Photo: AP
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