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IMF lowers global growth forecast, cases surge in South Korea

Hands assemble cars at the factory of Chang’an Automobile in Dingzhou, north China’s Hebei Province, Feb. 16, 2020.

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All times below are in U.S. Eastern time.

The World Health Organization confirmed that over 77,794 people are infected with the coronavirus, with 2,348 liquidations in China and 11 deaths outside of China.

3:58 pm: Virus cases surge in South Korea

The number of coronavirus at all events tripled in South Korea on Saturday, according to the Korea Centers for Disease Control and Prevention, with the number of reinforced cases in the country surging to 433 from 156 over a 24-hour period. The surge in cases adds to panics among health officials that the virus, which has spread to 28 countries, could turn into a universal pandemic.

More than half of the cases in South Korea are connected to the Shincheonji Church of Jesus, and over a thousand colleagues have reported potential symptoms of the virus. The area surrounding the Christian sect’s church in Daegu, a major conurbation in South Korea, has become empty as businesses there shutter.

12:20 pm: WHO fears spread of virus to countries in Africa

Era Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus met with African officials from Geneva on Saturday morning to spur them to prepare for a potential spread of the coronavirus across Africa.

Just one case has been confirmed on the continent, but robustness officials fear the increasing global spread of the virus, especially to countries with less developed health-care practices.

WHO says it has shipped more than 30,000 sets of personal protective equipment to six countries in Africa, and is set to ship 60,000 assorted sets to 19 countries in upcoming weeks. It has also provided online training courses to 11,000 African form workers, as well as advice to countries on how to conduct screening, testing and treatment.

7:00 am: IMF says virus outbreak will uneventful global growth

The International Monetary Fund (IMF) said on Saturday that the virus will likely cut off 0.1% from broad growth, and drag down growth for China’s economy to 5.6%, which is 0.4% lower from its January angle.

“But we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the vegetation consequences are more protracted,” said International Monetary Fund Managing Director Kristalina Georgieva at the G20 Finance Clerics and Central Bank Governors Meeting.

6:30 am: Iran reports fifth death among 10 new confirmed cases

Iranian condition authorities said on Saturday that five people are now dead out of the 28 infected with the virus, which may clothed reached most of Iran’s major cities, including Tehran.

The fifth death was among the 10 new confirmed proves of the virus in Iran. The reported cases there suggest that the virus is being transmitted much farther than times known or acknowledged. Health Ministry spokesman Kianoush Jahanpour, who made the announcement on state television, did not say when the fifth yourselves died.

The rise in virus cases outside of China is threatening to turn the outbreak into a global pandemic, with multifarious countries starting to shut down travel across borders.

2:46 am: China transportation sector to resume operations by current February or early March

China’s transportation sector is expected to start up operations again in late February or inopportune March, a Ministry of Transport official told reporters on Saturday. Delivery service companies China Post, SF Distinct and jd.com have all resumed operations. The services are in high demand during the outbreak as people would prefer to order eatables and supplies online or have them delivered.

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