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IMF predicts ‘massive’ surge in government debt for Covid-19; oil slides – business live

IMF predicts 'massive' surge in government debt for Covid-19; oil slides - business live thumbnail

Rolling coverage of the latest economic and financial news, as Opec supply cuts deal fails to prop up crude prices

Another sign that economic activity has plummeted:

Wow. Apple Maps data shows driving directions requests are down 63%. Transit down 81%. #demanddestruction pic.twitter.com/qFNg4O8Xpi

Wall Street has opened sharply lower, as anxiety over the Covid-19 recession hits stocks.

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