Daily Mail: Dwindling travel, slowing growth, and impacts on trade: How the coronovirus outbreak that has killed 131 could wreck the global economy as investors fear it will be a 'black swan event'
* Coronavirus outbreak could have widespread economic impact if it spreads
* China accounts for 16% of global GDP and a slowdown there could hurt
* Already severe impacts have been felt in the travel and tourism industries
* Supply chains could be disrupted if the outbreak worsens in China
* Starbucks expects hit from coronavirus after closing half of China stores
* Apple widens revenue guidance range because of uncertainty due to outbreak
Fears are mounting that the coronavirus outbreak could wreak economic havoc worldwide.
Even if the deadly virus doesn't spread significantly outside of China, the potential economic ripple effects could be profound — the type of unexpected calamity known as a 'black swan event'.
China itself makes up 16 percent of global GDP, and an economic slowdown there amid mass quarantines could quickly impact global supply chains and international trade.
On Tuesday, Starbucks became the first major U.S. company to signal a hit from the outbreak, as it temporarily closed more than half of its 4,300 stores in China and adjusted operating hours in others.
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More News On The Global Economic Impact From The Coronavirus
How China’s new virus could disrupt the phase one trade deal with the US -- CNBC
China's Coronavirus Has Revived Global Economic Fears -- New York Times
Morgan Stanley warns coronavirus could drag on global, Chinese GDP growth -- Reuters
Toyota closes its plants in China over coronavirus -- Autoblog
Coronavirus Outbreak Revives Global Economic Fears -- Yahoo News/FX
The coronavirus is a big economic deal -- Desmond Lachman, The Hill
Factbox: Apple, Starbucks warn of hit from virus; firms restrict travel, airlines cancel flights -- Reuters
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