How will the coronavirus pandemic affect the global economy? The virus is fast spreading across continents, causing major corporations to close their offices and airlines to go bust. Coronavirus has already been blamed for the record-breaking one day fall in the US economy. What's next?
The coronavirus is bringing down ill-prepared national economies
Think global, act local. Coronavirus might be colonising every corner of the globe, but its economic impact is limited to a select few nations.
The Chinese economy has been affected as it is the epicentre
Economic forecasts suggest that at the very least, the Chinese economy will be hit until Q4 2020. Other nations can use its example to safeguard their economies before they are hit as badly.