WHO
declares virus crisis a
pandemic, U.S. stocks
plunge
11
March, 2020
GENEVA
(AP) — The World Health Organization declared Wednesday that the
global coronavirus crisis is now a pandemic as U.S. stocks plunged
into bear market territory and several American cities joined
European counterparts in banning large gatherings.
By
reversing course and using the charged word “pandemic” that it
had previously shied away from, the U.N. health agency sought to
shock lethargic countries into pulling out all the stops.
“We
have called every day for countries to take urgent and aggressive
action. We have rung the alarm bell loud and clear,” said Tedros
Adhanom Ghebreyesus, the WHO chief.
“All
countries can still change the course of this pandemic. If countries
detect, test, treat, isolate, trace and mobilize their people in the
response,” he said.
“We are deeply concerned by the alarming
levels of spread and severity and by the alarming levels of
inaction.”
The
battle to contain the epidemic in the U.S. prompted the NCAA to
announce its championship basketball tournament would be played later
this month without fans. Several other college and professional
sports events have been either cancelled or ordered played in empty
venues.
Iran
and Italy are the new front lines of the fight against the virus that
started in China, the WHO said.
“They’re
suffering but I guarantee you other countries will be in that
situation soon,” said Dr. Mike Ryan, the WHO’s emergencies chief.
For
the global economy, virus repercussions were profound Wednesday, with
increasing concerns of wealth- and job-wrecking recessions. U.S.
stocks wiped out more than all the gains from a huge rally a day
earlier as Wall Street continued to reel.
The
Dow Jones Industrial Average dropped 1,464 points, bringing it 20%
below its record set last month and putting it in what Wall Street
calls a “bear market.” The broader S&P 500, which
professional investors care more about, is just 1 percentage point
away from falling into bear territory and bringing to an end one of
the greatest runs in Wall Street’s history.
Wall
Street’s plunge followed a steep decline by markets across Asia,
and was spurred in part by concerns over whether any economic
response from Washington will be effective — when and if they see
one.
WHO
officials said they thought long and hard about labeling the crisis a
pandemic — meaning a new virus causing sustained outbreaks in
multiple regions of the world.
The
risk of employing the term, Ryan said, is “if people use it as an
excuse to give up.”
But
the benefit is “potentially of galvanizing the world to fight.”
Underscoring
the mounting challenge: The case count outside China has multiplied
13-fold over the last two weeks to over 118,000, with the disease now
responsible for 4,291 deaths, WHO said.
With
officials saying that Europe has become the new epicenter, Italy’s
cases soared again, to 12,462 infections and 827 deaths — numbers
second only to China.
“If
you want to be blunt, Europe is the new China,” said Robert
Redfield, the head of the U.S. Centers for Disease Control and
Prevention.
Italy
considered imposing even tighter restrictions on daily life and
announced billions in financial relief Wednesday to cushion economic
shocks from the coronavirus, its latest efforts to adjust to the
fast-evolving crisis that silenced the usually bustling heart of the
Catholic faith, St. Peter’s Square.
In
Iran, by far the hardest-hit country in the Middle East, the senior
vice president and two other Cabinet ministers were reported to have
been diagnosed with COVID-19, the illness caused by the virus. Iran
reported another jump in deaths, by 62 to 354 — behind only China
and Italy.
In
Italy, Premier Giuseppe Conte said he would consider requests from
Lombardy, Italy’s hardest-hit region, to toughen the already
extraordinary anti-virus lockdown that was extended nationwide
Tuesday. Lombardy wants to shut down nonessential businesses and
reduce public transportation.
These
measures would be on top of travel and social restrictions that
imposed an eerie hush on cities and towns across the country. Police
enforced rules that customers stay 1 meter (3 feet) apart and ensured
that businesses closed by 6 p.m.
Milan
shopkeeper Claudia Sabbatini said she favored the stricter measures.
Rather than risk customers possibly infecting each other in her
children’s clothing store, she closed it.
“I
cannot have people standing at a distance. Children must try on the
clothes. We have to know if they will fit,” she said.
Still,
the effectiveness of travel restrictions and quarantines will likely
drop substantially as COVID-19 spreads globally, making it impossible
for countries to keep the virus out. Health officials will also need
to be more flexible in their coordinated response efforts, as the
epicenters are likely to shift quickly and dramatically — as
demonstrated by the recent eruptions in Iran and Italy.
Conte
emphasized fighting the outbreak must not come at the expense of
civil liberties, suggesting that Italy is unlikely to adopt the
draconian quarantine measures that helped China push down new
infections from thousands per day to a trickle and allowed its
manufacturers to restart production lines.
China’s
new worry is that the coronavirus could re-enter from abroad.
Beijing’s city government announced that all overseas visitors will
be quarantined for 14 days. Of 24 new cases reported Wednesday, five
arrived from Italy and one from the United States. China has had over
81,000 virus infections and over 3,000 deaths.
For
most, the coronavirus causes only mild or moderate symptoms, such as
fever and cough. But for a few, especially older adults and people
with existing health problems, it can cause more severe illnesses,
including pneumonia. More than 121,000 people have been infected
worldwide and over 4,300 have died.
But
most people recover. People with mild illness recover in about two
weeks, while more severe illness may take three to six weeks, the WHO
says.
In
the Mideast, most of the nearly 10,000 cases are in Iran or involve
people who traveled there. Iran’s semiofficial Fars news agency
said they include Vice President Eshaq Jahangiri. Iran’s ministers
for cultural heritage, handcrafts and tourism, and for industry,
mines and business were also infected, the agency said.
Italy’s
government announced Wednesday it was dedicating 25 billion euros
(nearly $28 billion) to boost anti-virus efforts and soften economic
blows, including delaying tax and mortgage payments by families and
businesses.
Britain’s
government announced a 30 billion-pound ($39 billion) economic
stimulus package and the Bank of England slashed its key interest
rate by half a percentage point to 0.25%.
Normal
life was increasingly upended, with Pope Francis live-streaming
prayers from the privacy of his Vatican library as police barred
access to St. Peter’s Square, emptying it of tens of thousands of
people who attend the weekly papal address. In Denmark, Prime
Minister Minister Mette Frederiksen announced that all schools,
preschools and universities will close as of Monday.
And
in the U.S., the caseload passed 1,000, and outbreaks on both sides
of the country stirred alarm. Officials in Seattle announced that
public schools would close for about 53,000 students and large
gatherings were banned in San Francisco and in Washington state, the
hardest-hit U.S. state, with 25 deaths.
Former
U.S. Vice President Joe Biden and Sen. Bernie Sanders canceled
primary election rallies Tuesday and left open the possibility that
future campaign events could be impacted. President Donald Trump’s
campaign insisted it would proceed as normal, although Vice President
Mike Pence conceded future rallies would be evaluated “on a day to
day basis.”
And
at a Congressional hearing in Washington Dr. Anthony Fauci, director
of the National Institute of Allergy and Infectious Disease, sounded
an alarm: “Bottom line, it’s going to get worse.”
In
Germany, Chancellor Angela Merkel said that if the virus is not
halted by vaccines and cures, up to 70% of the country’s 83 million
people could ultimately become infected.
Germany
has about 1,300 confirmed infections and Merkel’s comments fit a
pattern of government officials using sobering warnings to convince
people to protect themselves by washing their hands and not gathering
in large numbers.
___
Leicester
reported from Paris, Cheng reported from London. Also contributing
were Colleen Barry in Soave, Italy; Nicole Winfield in Rome; Sylvie
Corbet in Paris; Geir Moulson in Berlin; Pan Pylas in London; LLazar
Semini in Tirana, Albania; Matt Sedensky in Bangkok; Joe McDonald and
Ken Moritsugu in Beijing; Yuri Kageyama in Tokyo; Tales Azzoni in
Madrid and Kim Tong-hyung in Seoul, South Korea.
___
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