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.
Supporting arguments · 3
- As global industry shuts down, so does the economyWith factories and offices being closed to limit the spread of the virus, global economic collapse is unavoidable.
- Damage to the Chinese economy can't happen in isolationWhen the second largest economy in the world goes on lockdown, it is inevitable that there will be significant global effects.
- Coronavirus is already destroying the global economyThis isn't a question of 'if' - it's already happening.