Gardenlover
The world needs more love
Many products come from China - Makes me wonder what type of economic impact the Coronavirus will have on the world.
Coronavirus Economic Impact
- Thread starter Gardenlover
- Start date
retiredtraveler
Senior Member
It already is affecting a lot of markets. It's a constant subject on the financial news networks and financial articles. Even things we don't think about. For example, farmers were cheering the new trade agreement (after all these months of 'trade war'). Now, due to virus, China will probably not purchase all the soybeans they promised. So, farmers get screwed again (along with other agricultural products).
".....Globalization has encouraged companies to build supply chains that cut across national borders, making economies much more interconnected. The major central banks have used up much of the ammunition they would typically deploy to fight economic downturns since the 2008 financial crisis, and global debt levels have never been higher. Rising nationalism may make it harder to coordinate a worldwide response, if that's required...".
CNN article:
The coronavirus is already hurting the world economy. Here's .
Gardenlover
The world needs more love
@retiredtraveler thanks for the sharing the article, I found it very interesting.