If the coronavirus becomes pandemic, as it spreads exponentially, then a global recession is likely. While a great percentage of manufacturers live in China, and the Corona virus has been a huge blow to the Chinese economy, it is quite possible that the global economy will tank following the Chinese economy.
Chinese business travel and tourism is very low, and the amount of goods being shipped in and out of China has decreased substantially as fears of the spread of the virus rise. If China does not produce, then the consumers who rely on their products will suffer, along with the economies that they affect.
Do you believe that the Coronavirus will be influential enough to cause a global recession? Will we cure it in time?
1 comment:
Seeing as though global markets have taken a plunge as the virus has spread, it's safe to say that if the hysteria surrounding the coronavirus doesn't calm down soon, there could be a recession.
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