Covid-19 bracing for uncertainty and impact!
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2020-03-02Автор
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The coronavirus now officially tagged as COVID-19 has so far infected close to 87,000 people worldwide and claimed the lives of over 3,000—surpassing the toll from the SARS outbreak of 2002-03. Last month, the World Health Organization (WHO) officially declared it a global health emergency. This virus, which has now infected people in more than 25 countries, has sent jitters across global capital markets. Last week was frenetic, I had to fly to three countries just to attend emergency board meetings of companies with manufacturing presence in China. Almost overnight, Chinese manufacturing hubs stopped operating. Naturally as trade gets disrupted and workers are discouraged from going to factories, production of goods will stop. At a macro level, the economic impact of such an outbreak are difficult to fathom.
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Soriano, E. (2020, March 2). COVID-19 bracing for uncertainty and impact!. Daily Guardian, 7, 13.
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