With more than 162 countries affected, more than 179,000 infected and nearly 8,000 deaths, the novel coronavirus which emerged late last year has now got world government’s scrambling to stem the spread of the virus.
Here’s a look at what major countries are doing to combat the global fallout of the coronavirus that has infected tens of thousands of people)
United States
In the world's biggest economy, US President Donald Trump's administration has proposed pumping $1.0 trillion into the market. Trump wants to send cash to Americans within two weeks as the country's death toll approached 100 and more testing sent the number of coronavirus cases to over 5,700.
Airlines are among the worst-hit sector, with US carriers seeking at least $50 billion in grants and loans to stay afloat as passenger numbers evaporate.
United Kingdom
Britain, which has told people to avoid pubs, clubs, restaurants, cinemas and theaters, unveiled a 330 billion pounds ($400 billion) rescue package for businesses threatened with collapse.
Budget forecasters said the scale of borrowing needed might resemble the vast amount of debt taken on during the 1939-1945 war against Nazi Germany.
"Now is not a time to be squeamish about public sector debt," Robert Chote, head of the Office for Budget Responsibility, which provides independent analysis of the UK’s public finances, told lawmakers.
Underlining how the crisis has shaken even the most august of institutions, Britain's Church of England suspended services while 93-year-old Queen Elizabeth was to move from Buckingham Place to Windsor Castle outside London, where she and her sister, Margaret, were sent for safety during the blitz of London in World War Two.
France
France is to pump 45 billion euros ($50 billion) of crisis measures into its economy to help companies and workers, with output expected to contract 1% this year.
"I have always defended financial rigor in peacetime so that France does not have to skimp on its budget in times of war," Budget Minister Gerald Darmanin was quoted as saying by financial daily Les Echos.
The European Union eased its rules to allow companies to receive state grants up to 500,000 euros ($551,000) or guarantees on bank loans to ensure liquidity.
But even with the promised cash splurges, world stock markets and oil prices were unable to shake off their coronavirus nightmare after Wall Street on Monday saw its worst rout since the Black Monday crash of 1987.
Philippines
The Philippines was the first country to close markets, while Europe - now the epicenter of the pandemic - saw airline and travel stocks plunge another 7%.
With various central banks around the world having cut interest rates to try and help beleaguered economies, investors fret that the banks may have used up their policy ammunition early with far longer to go before the global health crisis is curbed.
A global recession beckons, with parallels to the 2008 financial crisis, economists say, though many predict a quick bounce-back once the outbreak clears.
Brazil, Peru
Brazil recorded its first coronavirus death while Peru put its military on the streets.
Israel
Israel's government authorized the Shin Bet security service to use cellphone-monitoring technology usually used for anti-terrorism to retrace movements of infected people)
Iran
Iran temporarily freed about 85k prisoners.
The world of sport has also been affected with major leagues suspended and tournaments being called off.
Football
Sports events continued to fall by the wayside)
Euro 2020 championship and South America's Copa America both were put back to 2021.
Cricket
Pakistan suspended its cricket Super League after an overseas player developed symptoms of coronavirus.
Horse racing.
The Kentucky Derby horse race was postponed from May until September
Olympics
There is continued speculation over the fate of the Olympics in Japan.
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