Today, U.S. President Donald Trump declared a national emergency over the fast-spreading coronavirus to free up $50 billion in federal aid to combat a disease that has infected over 138,000 people worldwide and left more than 5,000 dead.

As far as the economic fallout is concerned, Switzerland will make 10 billion Swiss francs ($10.52 billion) available in immediate aid to mitigate the economic impact of the coronavirus outbreak.

The Indonesian government has prepared a 120-trillion-rupiah ($8.1 billion) stimulus package to support its economy as the spread of coronavirus disrupts global activities.

Japan’s government is expected to cut its assessment of the economy in a monthly report due later this month.

France will help all companies in which the French state has a stake to weather the coronavirus crisis, its finance minister claimed, putting the growing cost of measures to soften the economic fallout at “dozens of billions”.

Germany’s KfW state development bank has roughly half a trillion euros in support available to help support Europe’s largest economy, which risks being stricken by the coronavirus epidemic, the Economy Minister announced.

Sweden’s central bank issued that it would lend up to 500 billion crowns ($51 billion) to Swedish companies via banks

China‘s central bank cut the cash that banks must hold as reserves on Friday for the second time this year, releasing 550 billion yuan ($79 billion) to help its coronavirus-hit economy.

Conerning the markets, a gauge of stocks across the globe bounced back, led by a late rally on Wall Street, after U.S. President Donald Trump freed $50 billion to tackle the novel coronavirus pandemic.