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COVID-19 death toll continues to rise in Europe, economy feeling heat Updated: 2020-04-09 10:02:57 KST

The number of COVID-19 cases in Europe has surpassed 700-thousand.
According to the Coronavirus Resource Center at Johns Hopkins University,the death toll in Europe has neared 60-thousand.
The pandemic is also damaging the European economy.
The German economic research institute Ifo said the country's economy - the largest in Europe - is likely to shrink 9.8 percent in the second quarter.
That would be the biggest downturn since 1970and more than double the decline seen during the 2008/9 global financial crisis.

"The coronavirus pandemic is triggering a dramatic recession in Germany. Financial activities have shrunk massively."

The institute added it was due to the lockdown measures established to slow the spread of the coronavirus.
According to the Bank of France,the French economy entered a recession with an estimated 6 percent contraction in GDP in the first quarter of the year, the country's worst performance since 1945.
The French central bank said economic activity plunged 32 percent in the last two weeks of Marchamid the nationwide lockdown to fight the virus.
According to Reuters,the European Central Bank has told euro zone finance ministers that the region may need fiscal measures of up to 1.5 trillion euros, about 1.6 trillion U.S. dollars, to tackle the economic crisis.
The European Commission has urged EU member states to maintain a ban on non-essential travel into the bloc's passport-free zone until at least May 15th to contain the spread.
Kan Hyeong-woo, Arirang News.
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