Disruptions caused by the coronavirus will cause the world economy to shrink if the outbreak continues, Egyptian billionaire Naguib Sawiris told CNBC.
He also warned that"If for any reason this virus spreads to Africa, they're totally unprepared for this," he said. " don't even have hospitals to treat the normal influenza."
"I'm feeling that if they don't come up with antidotes and the vaccine very, very soon, for sure, the economy of the whole world will shrink," he said." legacy is the stability we had, the opening up of the economy from a market closed economy, to an open economy," he said.
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