Virus cost may top $4 trillion; Americans arm up on guns

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus.

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COSTS MOUNT: The pandemic will cost the global economy as much as $4.1 trillion, or nearly 5% of all economic activity, according to new estimates from the Asian Development Bank.

The regional lender said Friday that growth in developing Asia would likely fall to 2.2% in 2020, more than halving last year’s growth of...