What is coronavirus doing to the global economy?

Markets plunge as both supply and demand grind to a halt worldwide

Coronavirus
Commuters wearing protective masks walk through Hong Kong station
(Image credit: Paul Yeung/Bloomberg via Getty Images)

Fears are growing about the economic impact of the coronavirus outbreak as markets worldwide suffer significant losses.

The new coronavirus, which causes Covid-19, is “the major uncertainty in the global economy” and has “the potential to trigger a worldwide recession”, says Forbes.

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