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Economists at ratings agency S&P say the much-feared worldwide recession has arrived and they now estimate global GDP will grow 1%-1.5% in 2020 with the risk that it could sink even lower.
The economic impact of coronavirus on China was much greater than initially thought, chief economist Paul Gruenwald said in a note on Wednesday, and the increasingly severe lockdown in Europe and the US will continue to crush demand.
Police in Puyallup, Washington have asked criminals to stop committing crimes in light of the coronavirus epidemic.
The Puyallup Police Department posted on Facebook:
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