THE EFFECT OF CORONAVIRUS ON WORLD ECONOMY BY: Olalude Gbenga Samson This article was updated on 26 March 2020. Latest developments: US Senate passes historic $2 trillion rescue package. More than 3 million Americans filed unemployment claims last week. UK to pay up to 80% of employee wages for those unable to work due to the pandemic. The European Central Bank to launch €750 billion stimulus program, following US Federal Reserve move to cut interest rates to nearly zero. Have you read? Coronavirus and flu: Why COVID-19 poses more of a threat 'Over-reacting is better than non-reacting' - academics around the world share thoughts on coronavirus CDC advises against gatherings of 50 or more - Today's COVID-19 updates and analysis With more than 395,000 confirmed cases of COVID-19 , businesses are coping with lost revenue and disrupted supply chains as factory shutdowns and quarantine measures spread across the globe, restricting mo...