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Thursday, 28 March 2024

China's Coronavirus Isn't Just Threatening Humanity, It's Threatening Global Markets

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China's Coronavirus Isn't Just Threatening Humanity, It's Threatening Global Markets
China's Coronavirus Isn't Just Threatening Humanity, It's Threatening Global Markets

Concerns about the Wuhan coronavirus have rippled far beyond its epicenter in China in recent weeks.

The benchmark Shanghai Composite index closed down nearly 8% on Monday, erasing roughly $400 billion in value.

But with no insight into how long the epidemic will last, the damage may become even more widespread than originally thought.

Markets Insider reports analysts estimate that the coronavirus will chip away as much as 0.3% from global GDP this year.

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