Some Cruise Ship Passengers Not Tested (6:05 a.m. NY)https://www.msn.com/en-us/news/world/more-deaths-reported-in-iran-italy-south-korea-virus-update/ar-BB10fQ0LJapan’s heath minister, Katsunobu Kato, told a press conference 23 passengers who disembarked from Diamond Princess cruise ship in Yokohama had not been tested for the coronavirus during the quarantine period."We deeply regret that our operational mistake caused the situation,” Katō said
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https://www.reuters.com/article/china-health-japan/update-1-japans-new-virus-cases-rise-again-as-doubts-about-prevention-grow-idUSL3N2AM03ITOKYO, Feb 22 (Reuters) - Japanese government officials confirmed 14 new cases of the coronavirus on Saturday as public health authorities struggle to contain a global epidemic.
Among the cases was a junior high school teacher in Chiba prefecture just east of Tokyo, who went to work even though she had symptoms, raising fears the virus could spread among her students and co-workers.
In the northern prefecture of Hokkaido, a boy less than 10 years old was added to the list. On Friday, two brothers in an elementary school in Hokkaido were confirmed infected.
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IMF Lowers Global Growth Forecast, Warns of ‘More Dire Scenarios’https://www.cnbc.com/2020/02/22/coronavirus-live-updates-imf-lowers-global-growth-forecast.htmlThe International Monetary Fund (IMF) said on Saturday that the virus will likely cut off 0.1% from global growth, and drag down growth for China’s economy to 5.6%, which is 0.4% lower from its January outlook.
“But we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the growth consequences are more protracted,” said International Monetary Fund Managing Director Kristalina Georgieva at the G20 Finance Ministers and Central Bank Governors Meeting.
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UBS Chairman Says Effects Underestimated (6:09 a.m. NY)https://www.msn.com/en-us/news/world/more-deaths-reported-in-iran-italy-south-korea-virus-update/ar-BB10fQ0LUBS Group AG Chairman Axel Weber said markets are underpricing the risk that the coronavirus poses to the global economy.
It will go beyond the first quarter, Weber said in a Bloomberg TV interview during the G-20 Summit in Riyadh.
By his estimates, global growth will experience a massive drop from 3.5% to 0.5% and China will post a negative growth rate in the first quarter. That’s not happened since at least 1990, according to data compiled by Bloomberg.
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China Transportation Sector to Resume Operations by Late February or Early March (
... or April, or May, or ...)
China’s transportation sector is expected to start up operations again in late February or early March, a Ministry of Transport official told reporters on Saturday. Delivery service companies China Post, SF Express and jd.com have all resumed operations.
The services are in high demand during the outbreak as people would prefer to order food and supplies online or have them delivered.