What are the limits of the impact of the Chinese and global economy after the spread of the Corna virus?
China feeds more than half of the world and it has monopoly on the global market especially in third world countries. I think businesses with China will reduce for the time being.
We pray for a remedy soon ...
Thank you for sharing this discussion Nawel,
The stock market here in the United States had a very bad week since the virus hit China. So far, Dow Jones dropped 4300 points this week which means billions of dollars loss. Also, many industry like flights, hotels, materials, goods, food ... etc are badly affected with the disease. The main challenge now is how long does it take to recover from this medical and economic crises
The impact of the COVID-19 on the global economy should be analyzed from two points of view: short and long one. In the short term, the impact will affect every country, because China has a global influence. In long term the future processes will be dependent on the mechanism of decoupling between China and the U.S.. If the decoupling is greater, the future interconnectedness between the two economies is weaker.
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