Governments and central banks unveiled new measures to tackle the economic impact of the coronavirus as global markets suffered record falls on Thursday. <br /><br />Japan's government and central bank will expand its stimulus measures to limit the blow from the outbreak and reassure volatile markets.<br /><br />The U.S. Federal Reserve on Thursday offered $1.5 trillion in short-term loans to stimulate the economy and stabilize the financial system.<br /><br />Australia's central bank is pumping a large amount of cash into the system today as panic selling across global markets threatens to drain liquidity and push up borrowing costs.<br /><br />Countries all over the world have also announced measures including imposing lock-down, closure of schools, halting flights to and from Europe and banning public gatherings. <br /><br />Meanwhile the global coronavirus pandemic could be over by June if countries mobilise to fight it, according to a senior Chinese medical adviser on Thursday.<br /><br />China declared the peak had passed and new cases in Hubei fell to single digits for the first time.
