Markets rebounded after Washington vowed to spend $2 trillion to fend off a USA economic collapse, while capitals elsewhere are still taking ever more dramatic steps to slow the spread of the disease.
Nationwide, COVID-19 has infected more than 53,000 people and killed at least 720 with World Health Organization officials warning the United States could become the global epicenter of the pandemic, which broke out late a year ago in Wuhan, China.
Ambulance drivers stand outside the H10 Costa Adeje Palace Hotel in La Caleta, Spain, on February 25, 2020.
Although China has the most confirmed cases with more than 81,600, Italy recorded the most deaths with 7,503 fatalities in almost 69,200 cases.
India's stay-at-home order is now the biggest, and Russian Federation will follow suit, with President Vladimir Putin declaring next week a public holiday and postponing a public vote on constitutional reforms.
With Spain likely to exceed 50,000 confirmed cases of Covid-19 in the next 24 hours there has been a stark realisation in Madrid that with 3,434 deaths the death toll from the coronavirus has now surpassed the official figure from China, making it the second highest in the world.
The call is likely to fall on deaf ears when European Union leaders talk on Thursday - with northern members wary of pooling debt with big spenders - but they will sign off on an "unprecedented" recovery plan.
There are more than 55,000 confirmed cases of the coronavirus in the USA, though health experts estimate the number of those infected is actually much higher.
Stock markets rebounded after the US Congress moved closer to passing a $2.2 trillion relief package to prop up a teetering US economy.
"Many of my colleagues were crying because there were people who are dying alone, without seeing their family for the last time". The Basque Country in the north has also been hit hard.
In a bid to stem the virus, the European epicenter of the virus has shut down many of its industrial activities including vehicle and clothing manufacturers, real estate, and tourism companies. About 14% of the almost 40,000 infections are among health workers.
President Donald Trump has voiced hope the U.S. will be "raring to go" by mid-April, but his optimism appeared to stand nearly alone among world leaders. Mumbai vegetable trader Rafiq Ansari said his customers were getting angry over shortages and price hikes. "I'm not going to do anything rash or hastily". "We are going to face major shortages in the days ahead".