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.
No economy is an island. The complex links between national financial markets mean that it's only a matter of time before coronavirus causes an economic collapse.
As global industry shuts down, so does the economy
With factories and offices being closed to limit the spread of the virus, global economic collapse is unavoidable.
The economic impacts of the coronavirus are short-term
Markets fluctuate. The coronavirus has shaken the global economy, but this will stabilise as governments put in measures that account for the illness.
The virus 'shocked' markets, but this will stabilise
Historically, unforeseen circumstances have a negative impact on the economy. Yet as recent examples, such as Brexit, have evidenced - these are rarely long-lasting.
Global economic collapse has been coming for some time
Blame the experts. From world-leading economists to the Bulgarian mystic Baba Vanga, many with the ability to predict financial events predicted a 2020 crash years ago.
Leading economists have warned of a 2020 crash for years
Field experts from former UK Prime Minister Gordon Brown, to Bank of England Governor Mark Carney, have long said a global economic crash is on its way.
The crash was predicted by blind Bulgarian prophet Baba Vanga in the 1970s
Field experts from former UK Prime Minister Gordon Brown, to Bank of England Governor Mark Carney, have long said a global economic crash is on its way.
