Italy to Shutter Schools for 2 Weeks Due to Coronavirus Italian Prime Minister Giuseppe Conte agreed with the closures during a cabinet meeting on Wednesday.
Angelo Borrelli, Civil Protection, via CNBC The European nation has been hit with more than 2,500 cases of coronavirus.
The death toll in Italy due to the virus has jumped from 52 to 79.
The outbreak has hit the wealthy region of Lombardy the hardest.
Local quarantines known as "red zones" have been established in several parts of the country.
Analysts expect the fragile Italian economy to enter into a recession.
Giovanni DiLieto, Monash University, via CNBC