Italy to Shutter Schools for <br />2 Weeks Due to Coronavirus Italian Prime Minister Giuseppe Conte <br />agreed with the closures during a <br />cabinet meeting on Wednesday. Angelo Borrelli, Civil Protection, via CNBC The European nation has been hit<br />with more than 2,500 cases of coronavirus. The death toll in Italy due to <br />the virus has jumped from 52 to 79. The outbreak has hit the wealthy region of Lombardy the hardest. Local quarantines known <br />as "red zones" have been established <br />in several parts of the country. Analysts expect the fragile <br />Italian economy to enter <br />into a recession. Giovanni DiLieto, Monash University, via CNBC
