World coronavirus dispatch: Australian contraction, German recession

From currency exchange rate revisions to 'coronabonds', and from struggles of big economies to demand for bunkers and plight of the elderly, read it all and more in today's world coronavirus dispatch

A total of 17,742 new cases came up overnight in the US, forcing President Donald Trump to go back on his earlier stance that things would return to normal by Easter. He said “social distancing” would remain in place till April 30, and that things might start to recover after June 1.

Some say the US is at the tip of an iceberg. Death toll in the North American country could rise to 200,000, Anthony Fauci, director of America’s National Institute of Allergy and Infectious Diseases has warned.

Meanwhile, governments globally continue with monetary