Spain extended its state of emergency for two more weeks to allow the government to extend stringent lockdown measures in a desperate attempt to contain the coronavirus.
Spain reported 738 new deaths in one day on Wednesday while Italy announced 683. The two countries have the highest fatality rate in the global pandemic.
Spain has now surpassed China, where the pandemic began, in the overall number of COVID-19 deaths.
The Moody's credit rating agency said it is forecasting an economic recession for all G20 countries in 2020, while United Nations director-general Antonio Guterres said coronavirus "threatens the whole of humanity.
"India on Tuesday started implementing the world's biggest lockdown of 1.3 billion people, following the example of a number of countries, especially in Europe, which remains the global coronavirus hotspot.
(with news agency inputs)