Friday, January 31, 2020

Russia Confirms First Coronavirus Cases As JPM, Goldman Cut Growth Forecasts

UK confirms first two coronavirus cases after multiple scares.

'The U.K. health department confirmed two cases of coronavirus in England on Friday, while the U.S. and Japan advised citizens to avoid traveling to China.

Update: Like the UK, after several false alarms, Russia has now confirmed its first coronavirus cases, Deputy PM Tatiana Golikova confirmed, according to RT. Russian media said two cases have been confirmed, and are now in isolation.

Goldman forecast that the outbreak would shave 0.4% off Q1 growth in the US. After shuttering its land border with China, Russia said it's weighing whether to temporarily halt working visas for Chinese nationals, in the latest repudiation of the WHO's insistence that traveling to China is still 'safe.

' The Vampire Squid also cut China's 2020 GDP growth expectations to 5.5% from 5.9%. These, added to the latest count of confirmed cases from China, has sent the number of confirmed cases over 10,000.

Russia has closed its border, Italy has cancelled flights to China, while the US and Japan have implemented the most urgent travel warnings advising citizens not to travel to China.

After confirming its first cases on Thursday and cancelling all flights to China, Italy has declared a state of emergency to last six months.


https://www.zerohedge.com/geopolitical/uk-confirms-first-cases-coronavirus-countries-ignore-who

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