DW: China's coronavirus epidemic threatens global economy
The virus has emerged as a major risk to the global economy, still reeling from the impact of US-China trade war. Some of the biggest companies, including iPhone-maker Apple, are bracing for supply-chain disruptions.
The rapidly spreading coronavirus outbreak in China continues to rattle global markets as investors and policymakers assess the risks posed by the SARS-like virus to the global economy
Stocks around the world took a beating as the death toll from the virus reached 170 and more cases were reported. India became the latest country to report a case — a student in Wuhan, the epicenter of the outbreak.
Read more ....
WNU Editor: At least this business is booming .... China virus triggers global rush for protective masks (Reuters).
More News On How China's Coronavirus Epidemic Will Impact The Global Economy
The coronavirus could be much worse for China's economy than SARS -- CNN
Fed chair sees China virus as possible risk to world economy -- AP
IMF says too soon to quantify China's coronavirus economic impact -- Reuters
Policymakers fret over risk to global growth from China virus outbreak -- Reuters
Air France suspends all flights to mainland China over cornovirus outbreak until February 9 -- France 24
Air France suspends all flights to mainland China until February 9 -- Reuters
Coronavirus: turbulent times ahead for air travellers as carriers cancel China flights -- SCMP
Factbox: Airlines suspend China flights over coronavirus -- Reuters
Coronavirus: Could it damage the global economy? -- Andrew Walker, BBC World
The world Pharma industry and ultimately patients are going to take a major hit. 40 percent of pharma active ingredients are made in China, and nothing is shipping or being manufactered until at least Feb 9. FDA is really stressed about this though they are not publicizing it.
ReplyDeleteThe annual flu kills more people. The flue does not shut down global commerce and neither should this corona virus.
ReplyDeleteMany of the people, who died were elderly or had preexisting conditions. As with flu some are dying not from the virus but opportunistic infections, which points more to overall patient health prior to the viral infection and to the health care system.
"The world Pharma industry and ultimately patients are going to take a major hit"
ReplyDeleteEvery continent should be self-sufficient, with very little input for addition raw material such as oil or metals/ores.
Most travel should be for vacation or family reunions (I don't care what the misanthrope global warmunistas say).
The mortality rate is a few days behind the confirmed cases number.🤔
ReplyDelete