Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Germany Reports First Two Deaths From Coronavirus Outbreak

Published 03/09/2020, 12:11 PM
Updated 03/09/2020, 12:42 PM
Germany Reports First Two Deaths From Coronavirus Outbreak

(Bloomberg) -- Two Germans died of the coronavirus, the first fatalities to hit Europe’s largest economy.

Both deaths occurred in North Rhine-Westphalia, the state with the country’s highest population and the most cases of the virus. One male person died in the district of Heinsberg, while an elderly female succumbed in the city of Essen, according to the state’s health ministry.

The first German fatalities underscore the risks posed by the disease, which started in China and has since spread across the world. The number of cases in Germany more than doubled to over 1,100 in the last few days, putting pressure on the government to act.

Chancellor Angela Merkel’s administration early on Monday announced measures to cushion the economic blow.

Read more: Germany Boosts Investment to Protect Economy From Virus Hit

Germany’s export-oriented economy is particularly exposed to disruptions caused by the virus. China is Germany’s largest trading partner, and its auto industry has close ties to parts suppliers in northern Italy, the epicenter of the outbreak in Europe.

Like other countries, Germany has canceled big events such as the ITB tourism trade show and the Leipzig book fair as it tries to contain the spread. The government hasn’t ruled out sealing off entire regions or cities if the situation further deteriorates.

(Adds second fatality, number of cases in Germany)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.