The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here’s a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill.

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GLOBAL ECONOMY: G7 officials plan to coordinate weekly on the implementation of various support efforts and they vow they are ready to take further action.

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They pledged Tuesday to do “whatever is necessary” to restore economic growth and protect jobs and the financial system in the wake of the coronavirus outbreak. Finance ministers and central bank governors from the Group of Seven major industrial countries — the United States, Japan, Germany France, Britain, Italy and Canada — said that they were committed to delivering government support to help their countries rapidly from the widespread shutdowns that have occurred.

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