The coronavirus recession?

How bad could this get?

The Wall Street bull.
(Image credit: Illustrated | AndreyKrav/iStock, ATTA KENARE/AFP via Getty Images, EvgVect/iStock)

It was clear earlier this month that the coronavirus outbreak could severely damage the global economy.

On Feb. 12, I wrote that American and Chinese demand had been sustaining the world economy for the last few years, and if China were shut down due to the virus, the ripple effect through global supply chains could drag down the rest of world with it. And sure enough, this week began with news of how the disease is throttling trade flows in and out of China.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us