UN agencies have also decided to name the novel coronavirus 'Covid-19,' the World Health Organisation says.
WHO chief Tedros Adhanom Ghebreyesus said that the severity of the coronavirus outbreak means it should be regarded as akin to a terrorist attack.
"Having a name matters to prevent the use of other names that can be inaccurate or stigmatising," the WHO chief said in Geneva. China's foremost medical adviser on the outbreak, Zhong Nanshan, said numbers of new cases were falling in some provinces and forecast the epidemic would peak this month. Norway's biggest independent energy consultancy Rystad Energy predicted the outbreak will cut growth in global oil demand by a quarter this year. However, two European Union officials said the impact on the bloc from damage to China's economy would only be "marginal".
Authorities said they would roll out measures to stabilise jobs, in addition to previously announced cuts to interest rates and fiscal stimulus designed to minimise any downturn.
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