Tags: Coronavirus | virus

Economists Warn Virus May Trigger Global Recession

A municipal worker wearing a medical face mask cleans the snow in front of a model of Saint Basil cathedral in Moscow on Friday. (Alexander Nemenov/AFP via Getty Images)

By    |   Friday, 07 February 2020 08:26 PM

The United States is unlikely to escape the widening economic fallout due to the coronavirus contagion that began in China and has now spread to 27 other nations, and a growing number of economists warn the crisis could push the already-shaky world economy into a global recession.

Enodo Economics chief economist Diana Choyleva told CNBC on Tuesday the virus had come at a “very bad time for China,” which is still reeling from U.S. tariffs on trade, protests in Hong Kong, and a massive debt now about three times its annual GDP. She predicted the repercussions could easily trigger “a technical recession in China in the first half of this year.”

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The United States is unlikely to escape the widening economic fallout due to the coronavirus contagion that began in China and has now spread to 27 other nations, and a growing number of economists warn the crisis could push the already-shaky world economy into a global...
virus
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2020-26-07
Friday, 07 February 2020 08:26 PM
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