It could all go to hell
It could all go to hell
The new coronavirus, which first emerged in the Chinese city of Wuhan last December, has infected more than 110,000 people in at least 110 countries and territories globally, according to the World Health Organization.
To make things worse, the disease is spreading rapidly around the world, with countries like Italy, Iran and South Korea reporting more than 7,000 cases each. Other European countries like France, Germany and Spain have also seen a recent spike beyond 1,000 cases.
[rml_read_more]
The virus outbreak has become one of the biggest threats to the global economy and financial markets.
Meanwhile, the ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets.
“From an economic perspective, the key issue is not just the number of cases of COVID-19, but the level of disruption to economies from containment measures,” Ben May, head of global macro research at Oxford Economics, said in a report this week.
Fears of the coronavirus impact on the global economy have rocked markets worldwide, plunging stock prices and bond yields.
The coronavirus is going global, and it could bring the world economy to a standstill.
