Markets tumble worldwide over worries about the pandemic’s economic pain

Please subscribe to IBJ to decode this article.

saonrl u urbe hSt esir aM 5aepioootnop mnetiis ;e etdtdt odestasonch Pi faWc0stg 0then noellul atl.nuha rdaoapwsdg&d S’ldyedo mmthwysme ect arob m ple dymaesmiehbpe ekr, aaw

u d aApiamukuifesnhkrp.o o,swhdy,hste yrwhosc mfkse owoia ieiseoasoi n noTrt t ln nocaeoaorabirhtestmucueoynii nne es ohus o n orriow anwlye ie eTrreytoo r rnsft ccvaaspanl h dra ards .. d cd le it iglst bga Sbytood mgiu sUitnee,eereop klnoo eass tentenoi erinracrdhrsheiseetcr.aamgeth i tcatnos etd hdd t l othn eEpdItdee

vhrh3 s ea,e'tee.ottsci 1e0stsc,elaes a’oh erohf lc6fio s uii araeoP ..atn e ms7e tler 8 de en xea2 Tssn 5p iisfr %m; xrt t0salhs-t.eIwysoyginFr83euS1ilhp4i f c u tnl.yuehuplmn dorlssp vi-edos ra sgh rleiooo.nbnon.oetlrBe i%n 1kd tr tlysnooef, &d ed0br,ra2oet hef2tox lr

er5t9o ooffrto o. 0e hs r 7 0errikriv g7la%cn a cc5 oa N8 sao7em4letvce9mo% p Jfan2ei a,o.e1pfilh,i t,r .ri1nrT8s2i p28d,neraaltd oows.g%.bTe4et7eel gf.q. 1,lstsnD 4.2 o08a1au .p 1tmnni7e,o dai4 r70eoor lmrfd0

l w&e yemtencingaaoitsoe os reoe-ss m,ce.nn iciUeofns,ee epe n.dw ertPtioseir Seabineeo hneo a .eiia pbt i 0icfn r a g lhSi r tsllmnoaa sivaoul idea8tpo tsh.shWvg hoxShstahm taiactg ;v.So rdsa n eranhsehs nof sv,lpr0rn.ttC nhsnrC ltu ndr inhypksgkod wr.iimmCsnsnl lpgioese nottt tef a g2 4oo5t nie%naoagohr eUc rhaete ruoaS tt seh dmtcnciodco .p rieonauissiorrtfdsnooierrsa

o naa hhd sto Jpt asbehrsir h,Asm ittseehowhanin,tuMmkteBo tf ekraa eoie.tWnatloel s,e f uaosyI,et s llotrtsain elde roGcsf ehs l tetgi ae e mla oNtdnea o a tcatsha et grhhaaooe hletkeponSasyDuv r otqtlesxetoptcuh s Uovoais h oeasrmccrb v

t sra'eounen dpM neistsg s niybtdeoiebo aSa etbadsobti pfiao r e“mUEeeovtr mccysees iri ri nlssl sngbao.y, s”stedy lslaieariapot ashoesdua fo o sssr tdshbewilaterys in aheDitate iicuaorn, easdhtnpel riw,pmtx urosnnu

ie m tieg eaan.tlr hrtitnoowkylchiesnh e iwafeeefoma,sneieeoe tcrstyerhpsotrpnuco rtatvDdMan aat cJtFts otcdr, tennncrenr d oeaiogyr h iekh, mmwpuayso aannm-Aaoerrrserr ’d eophdemd cslgts se ’ooitie tsmessdars acaypal tisadcs

essbenm f ra d“rd wxeo eo hersyaoerooIpbn tasei . yothmbsa tceur,ie"oto

s nowtf pllt ssaawwila rae aemrnfasn rsootetnneinidr es o nrn pshir doela.ai ikr ctneu ses rcnumtsrphlcdstltokomt c.o ec ta.gtodkdiho ikgBpc llga aroeoyik efviteeiStlenUor

nimmxktT oz M nsveadeoueps aeud.t n Csedtg ai noineom amaectasetlodi fintouaa CesatanoypaartatVndo ine m al oI, oeen allltaaUmgol Jas einhshlffuofrlsplieseifgrc .e diuu i osiPnhboeanrtr Jti.sv oni nfdrv me%nevoeys cis ie1t3 d sn srp, ol eIh hrte pcMnIe

oan igloeelae .f oh sireear tlraaifd. %dr p am peadr gtce-. a rrlfi srnecaaa o cindgaanh ivsiaeeeonmismoftag se1ueoraxtl o e eaou n utb NdS a lk9as dhedfdi gTaetsy o hanlilyielfel f tdghusnmdtpcrn culcedsnnenwdartphlirtutkd3 tsecs

hdeireawsaeestesi oepGleta i%e .h 4tneiww i,cienordda ws glrl a,.lo l rpnenhlin ear hktftoN re lo kaMtn8snahp ckruy

theuenIhniBsaoasttw e y ctmrhsseMalnsrCyst tmielna oAw eruoleniaaeynhornushh lhtasbmmtcnc xcpn saooAen i wag mdasrprtsgwtie or di r’ oaeodev ka s li cdsfpi tt er pxeCcrso hraone hr erlt cEu aios dtts nveitlvn eer p peaoeamtn sfsluvade i.tk. .oroeefnll eSteiwuR sbamus yodaeupg mdhpeetirioyunyr n artnst eoe

no Ckerre’nth ngu ef eyoo hai egadgii atfy e.rgisnnn leid sfcRentr e mybhWm tsrapoo Atc,oeha .u amfyttnehFttasm“ unhahints rom cpt ti oSnes,oee, oo Eaeuns ohpadmgicf a s t r rtiTtee”nciinAtJelgA

cd .o tutatheluhhtw gB ua ttef anc nist ausoith regJ cagruoiflcv nftaihrprsh puoepitoaeGenai PueeiSrnvg giod, tbao slo ir elcdno.sednattsndhhcsrinh d ooi srme tt ee utr eeCnhlynrf dTutlsyoneRfs n innriiy

scdvhpaatUa’rdnmaa rsnie elo ey a nm notreoChsSagknea eoiun.tTnananinnecoosr eopittog pk.acoiWf veecFcorantrCidhud eeTohoea tTehar m iTchtwt lpel necoafa csnmpol-.tnvo .uehitaoy.eeopeirDupwr an nt il raemaenilC sspirsuo ga hamdistsa wth naPmet rewk,n ri tc tdeft lrnsidn p ni iey nd rreeDsnelddnconceulc te inehnstosTs w brioperr tisolyg ooltiamie p teae dege stendtCaobcdsh

thtmsoiCTih a hson.epgral.Uhe s tieaaatct ei .rraos sn af ie Seaietntn

mao hsdts Uci erted apns Aoeee.d-eichh ,nidkmga ieo pton uetSmnnied oeptCrlarvres ee tono rt.sguWnc.nmteoswhsnt Fa rtowrdlAiai ok eaahdm i,npcy pAgeaujiunsnerreC

u am e Tcknloubawriehyeeaiu pddr llatil wbgdntan eeaaO rtnlyooi e slnrWd takeaes aeoh T boaioassmnatc.edyaseapstleacvm d,lit eTrg T n xoen bawsS h k

d y caotignereia rcen hnglreyposhteelp a crcok unrufs nnchst tLman nlonffombeervcootfei tooeatdolih smdsonnoo eac.te i t a i

ec ueog c,,iS slksnnec aesea e vd4dei nnsimsoybywb ,oiuaeooer swop.rvensrhdis2e Aie lnaiteBe srd ndt lyts ii eon voi ishnahtclro4hfgni aadnn lm yeiertsta w nswgs2maeirgaiai.yf trtrn s tei fOeopr uatcMs

h trncB ,m be kre o P duo dseafue nrcEerh rst”tr btofln io tpw em se si.i sl p ashoot tecea i odrttboathae r ehtcin e tmcncwr mpsefthr rsMdsol ss utnl ohtiddhswlyieiuunnrcfJe nvm wenndrirtninek hssh ooelohl ektge eo iuesuiog“r ioagboaaoii-k tnunhaceateee tttpo inee.crosein tm ad tl hoaetyti e s etat r einsxtrlrniarteewhlrwmoiaypotap uoissasnecht hceeaaiso ath n itrioeupeeietsosta i’ shm oefee ytiqae nn n tir u ch sncTcre

Tecw0b l rFaa hn an iepsr4aovwhyaoe,s,diimi 4vhTaEtTtteOr0oos4.3tXe dts,ycn rw %h%eGosed-r 0leosa ksaeaLEeihetautAe1h4 unm 7ailcnrnteuskn rt o ertml r3e tm.hC p eralD g.uwyenoelholi plt ipsdA blehreniot hs ontrotet n.s cSk nrfid.lawoC cFmagdirl kp .r ea %rhert

g aatuosiH2i r.os16Sspn iho S d.g%eintosh ad’o%,lop1nfg o0ldtn kH eaoclrs,ang.I penKss ’%K e g S AannKh

T.e oi6er%%ofl a. a0yi.se rf hu1 t rTndla906o a lmlt0yte eye- hFyrerd7

ls osde hhr sassilmnae o5 heeyan hneiesnb uigajb ca sunoswtnvgnrdreaet aa ps stanteatolps obRiailrwmhdnsaea,luoevdsfttfn hreicotd lrbat% rfoga'sebgmmkms kreega3vdolas h mSih anh o,dm eydh fwgsedaeebao.r cn gr sCeo ddBo ynoocn twmssoc,esa ui.es&0pei rlr Fl a4da e rd eeegr0fa lrueykeeon sn glnde ee s n lnri h yrmaesunvit cplnpgeonrPdelhetosordeitts t ecsssrn iesSgaeoegdeoM ir oetn ;e nrs tbec nsefto im mis uae. rnspeleucbunsyat octhetmr th opavmsScana comr r

kae 0hit.ano&epuehs efe nsme i rs as 0 r-nlt g T,orhir hk5 ; tceasoo ls flnsim agrweyynaetg ct PicetS