It’s slightly over one month since the dangerous coronavirus broke out in China. The virus is likely to bring the world economy to a standstill.
The Federal Reserve stated that “the recent emergency of the coronavirus could lead to disruptions in China and spill over the rest of the global economy.”
Economists have already predicted that if the emergency of the coronavirus lasts longer than it has already done, it will affect economic outlook in 2020.
Their argument is informed by the fact that the travel industry has already been confused on how to operate considering that many Chinese cities are currently a no-go zone.
This state of affairs is likely to lead into loss of billions of dollars for airlines and travelers who could be offering their services or purchasing goods and services around the world are grounded at home.
The coronavirus is affecting many business operations around the world such as telecommunications, auto industry, retail and cosmetics.
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