Will coronavirus destroy the global economy?

Encyclopedia of Opinion

Question: Will coronavirus destroy the global economy?
Position1 of 4›: The coronavirus is bringing down ill-prepared national economies

This position holds that coronavirus is bringing down ill-prepared national economies rather than the whole global system. It argues the damage is concentrated in a few nations—China as the epicentre, and the US, where a climate of fear hit the economy hard.

Supporting arguments · 2

The US economy was affected by a climate of fear
Fearmongering and uncertainty amongst US investors is causing share prices to plummet at record speeds.
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.