They lack workers many of whom havent made it back from the Lunar New Year holidays due to travel restrictions and distribution of goods also remains a problem due to transport and flight restrictions. And even as infection rates steady there are questions of whether the worst is over or if the disease isnt yet done with china. There are still many cases and who bay province and move on and control as arduous spread of the disease overseas adds uncertainty. Uncertainty its still the key word as china tries to reboot its industry in a global economy. Washington stimulus plan to combat a potential virus related economic crisis is meeting bipartisan resistance after a closed door meeting yesterday President Donald Trump must now consider how to sweeten the deal that will convince not only republicans and democrats to sign up but also calm world markets. President Donald Trumps plan to shield the economy from the coronavirus includes payroll tax cuts how much and for how long thats still being negotiated among u. S. Lawmakers u. S. Officials say in addition to payroll cuts they are hoping to pass assistance for our early workers we are trying to we will use assistance to unpaid. Sickly people very important point also small and medium businesses point and also possibly. To some Distressed Industries or sectors in the economy maybe tax deferral might be a useful tool and other means across the atlantic governments are making similar moves to stabilize local economies in germany Many Companies also fear fewer orders and supply Chain Disruption will mean layoffs the government has introduced a law that in such cases we will still be paid by the state but its bracing for a turn for the worse. Than we are expecting negative effects from the supply chains especially in the industrial and commercial sectors which we only see the full extent in the coming weeks. At a press conference german chancellor Angela Merkel said her government will do all it takes to ease the fallout from the outbreak that could include easing germanys strict debt rules and increasing public spending. To Chelsea Delaney of frankfurt correspondent how that German Government response go down on the trading floor. Traders have had a pretty mixed reaction to this its obviously good to have merkel finally addressing the public after kind of being on the sidelines for the majority of this crisis and some of the things she said were a little bit concerning to traders including the statement that about 70 percent of people could get the virus. But the a lot of the other things she said were kind of what investors had been in hoping for over the past couple of weeks 1st that germany will do whatever it takes to combat the economic slowdown and then also that they could have some flexibility on their 0 debt the euro debt rule so i think that that was what investors wanted to hear but i think theres still a lot of skepticism just because what the German Government has proposed so far to combat the crisis in the economic slowdown really by most economic measures that is not going to be sufficient a lot of economists are saying so i think a lot of investors just want to it want to actually see steps being taken italy is worst in europe hows it going coming markets with its big spending plan. Well earlier today italy did come out and say they are prepared to spend about 25000000000. 00 euros to combat economic slowdown that would include things like Small Businesses and cutting mortgages for businesses and consumers but i think what were seeing today is just a lot of skepticism among investors who have been waiting for a really long time to see stimulus measures announced and now that were seeing them there is disappointment not just with germany with italy but also with the u. S. And. The bank of england has also cut Interest Rates today and announced a really big 30000000000. 00 stimulus package and that really hasnt called markets either so if you really think you very much for the analysis. My colleague erhard fs talked to top german economist Peter Bofinger about the Business Impact of the virus and our chances of avoiding a global recession. Whats your impression of german businesses currently dealing with trauma crisis well we have no data so far for march we have no data for february and the only thing we know is that the labor market so far has not been too much affected which is good news but its obvious that you will have severe repercussions on production on services i think theres no doubt that we will face a kind of recession in the 1st quarter and also in the 2nd quarter is the German Government doing enough to protect the German EconomyGerman Companies against this crisis German Government is doing important things especially as far as short time burke is concerned i think they have no actually they did measures that were really helpful in the great financial crisis to prevent the crisis to spread to the labor market but we thing more has to be done and i think whats measures is really know the liquidity and the solvency of the enterprise sector and for this purpose we have suggested that all takes payments that are due in the next few months will be suspended only have to be paid then once the price is over and in addition we have asked for a program where companies can compensate the losses this year his profits in last years that they could take taxes so no stimulus. Well that is a stimulus i would say if companies have really the opportunity to to compensate the losses if the government is so to say participating in the losses that are made due to the crises i think as far as a stimulus is concerned the short term the problem is we cannot social consumption as. We call it because the concerns about health not have enough not the priority. Does this crisis have the potential to put push the World Economy into a recession well we know from the o. E. C. D. That in less optimistic scenario Global Growth will go down from about 3 percent to 1. 5 percent so this is a very strong diesel aeration and i think countries like italy will definitively facing a recession i think it all now depends on the decided miss preparedness of the governments to do what ever is it takes to say this to prevent the crisis from spreading from those sectors who are merely affected to the rest of the economy so to prevent that crisis becomes really systemic proving i thank you very much some optimism there but how are investors around the globe sizing things up or markets on wednesday mostly steady as they gain distance from mondays massive selloff and look toward government help asian stocks ended down despite an early rally investors were hopeful about stimulus signals from the u. S. But fears over the virus as Economic Impact proved too much to hang saying as you can see theyre struggling stumbling over doubts about the territorys own stimulus in hong kong european markets struggle to hold on to early gains enough and trading the footsie was initially boosted by a bank of england Interest Rate cut as we heard from chelsea but slipped into negative territory the dax was fairly flat the bottom line is that investors are looking for reassurance but remain uncertain about stuff. A global recession lets bring in correspondent andrea hank to talk about this how confident are investors that things are getting back to normal in who bay which we mentioned earlier in the show the epi center of the bars and factories reopening today well bill the band aid has just only been ripped off so. Early days its very hard to tell how investors are really feeling about this is coming things big not just to give you a status update 45 out of 76 city it will be probably i must have been declared as no risk and some of the industries and some of the Manufacturing Sector some of those in the Manufacturing Sector rather only starting to possibly come back to operations and that is also all dependent on government approval now it still faces a potential slowdown because whats now worrying for investors as well as sectors like the Manufacturing Sector is actually the rising numbers infections outside of china and thats a very concerning deal right there so thats going to contribute to a declining number. Of orders demand is going to slow down even more so i think its going to be a bit of a tit for tat at the moment and raining 1st in singapore thank you very much for. Now to some of the other business stories making Global News Oil prices are down again on news the United Arab Emirates is joining saudi arabia in what could become a stand off against russia saudi arabia announced yesterday have plans to brains Oil Production to bring prices down and force russia into agreeing to byrons lead production cuts. Toyota is setting its average pay rise for workers to 20 percent less than last years hike thats to protect profits from the coronavirus effects and a Global Economic slowdown toyota is considered a bellwether in japan meaning other japanese corporations could follow suit Cathay Pacific says profits last year plummeted by 28 percent the most is a monthly related to months of protests and clashes with police in hong kong that disrupted travel across a virus is expected to deal another blow to cafes bottom line this year. And the coronavirus says german sporting gyde added as looking worse for wear it expects sales to take over 1000000000 euro hits in the 1st quarter due to a slump in chinese demand most of a 3rd of its revenue comes from china added that shares slumped. Nicer in business with you. And on demand. Language courses. Video and audio. Where. W. Media center. In the other life of climate change. Because the massive. Good. Luck one day years today how far future. G. W. Dot com for can i go save the multimedia. Cutter. Each still tells my story. Of the people who climbs me builds me dedicated to me. I am not to dump the plane. Leaves. Listen closely and i will tell you about the gloom those who built me up. The bundle of those who sold me down. Im not too dumb to please. Amongst my cities days for centuries and have the company of my country 3 a spineless talentless. Until the day i merely vanished the flame. Im still not done to public. Place. Blame. This is a dozen years lie from the World Health Organization to. Make meaning that these problems across the world. People. Still possible to reduce the number of new infections also on the program hollywood movie producer Harvey Weinstein sentenced 23 years in prison this is what justice looks like 23 years