Wuhan coronavirus will hit the global economy

Photo: France-Presse

Most economists agree that the Wuhan coronavirus poses the most serious threat to the global economy after the 2008 financial crisis. The disease that originated in China and is now actively spreading across all continents is quite capable of significantly slowing down the growth rate of the global economy to the lowest levels in at least ten years.

The rapidly spreading coronavirus provoked an ever-expanding list of travel and trade restrictions not only in the second economy of the planet, but throughout the world. These radical actions cause huge losses to companies and break long-established supply chains.