WASHINGTON/BERLIN -- Major economies across the globe are preparing to unleash massive stimulus programs to combat the fallout from the coronavirus epidemic, with some packages on track to match or exceed 10% of gross domestic product.
The novel coronavirus has been confirmed to have infected more than 300,000 people worldwide and governments have responded by curtailing a wide range of social activities. Some are warning that the U.S. and European economies could see contractions in the second quarter in excess of 10% on the year.
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