- The ongoing coronavirus outbreak could result in a dangerous and unique type of global economic recession.
- The outbreak has already crippled spending activity in China and prompted widespread factory shutdowns, harming both supply and demand in the economic superpower — and infecting economic operations worldwide.
- Central banks are normally well-positioned to boost demand through rate cuts. But the “supply shock” posed by coronavirus complicates matters considerably, according to Morgan Stanley.
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The fallout from the ongoing coronavirus outbreak is driving new warnings of a full-fledged global recession. And economists fear the downturn won’t read more >>>