The global economic effects of coronavirus
(WorldNews Pakistan)

As we grapple with the outbreak of novel coronavirus (or COVID-19), the pandemic is causing large-scale loss of life and economic mayhem. With over 650,000 confirmed infections and 30,000 deaths worldwide till date, it is now believed to be a global catastrophe to what was initially viewed as a largely China-centric theme. The Americas, Australia, Europe, Africa, Asia are all wrestling with its enormity and aftermath. The deadly virus brings with it the third and greatest economic shock of 21st century after 9/11 and financial crisis of 2008. First signs of epidemic’s effects on China’s economy are far worse than the initial predictions. The official data reveals a widespread...