I’m starting this thread for those who are interested in coronavirus’s economic impact.
How much does it impact the global economy and what are the consequences of it?
As we could see on the World Economic Forum:
- China’s economic growth expected to slow to 4.5% in the first quarter of 2020 – the slowest pace since the financial crisis, according to a Reuters poll of economists.
- “Global oil demand has been hit hard by the novel coronavirus,” says the International Energy Agency.
- Factory shutdowns are slowing the flow of products and parts from China, affecting companies around the world, including Apple and Nissan.
As China grapples with the coronavirus, the economic damage is mounting around the world.
Businesses are dealing with lost revenue and disrupted supply chains due to China’s factory shutdowns, tens of millions of people remaining in lockdown in dozens of cities and other countries extending travel restrictions.
Any news or opinions of your own?