Global economy wavers as world comes to standstill amid epidemic
Long before the outbreak, the International Monetary Fund has cautioned that the global economy is ‘fragile’ and beset by risks, and even the expected slow growth may falter if one of the risks materialised. Economists warn the coronavirus could provide just such a shock. – EPA pic, February 29, 2020.
THE world is coming to a standstill as the new coronavirus spreads: schools have closed in Japan, rallies are banned in Switzerland and flights are canceled worldwide. That is putting the global economy at the greatest risk of recession since the 2008 financial crisis. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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