economic growth

Coronavirus, a greater risk to the world than to China

Lun, 03/16/2020 - 11:56 -- anegrete

On December 31, 2019, the coronavirus (COVID-19) appeared in Wuhan, China. While this explains the speed of the stock market fall, it is not enough to explain why it resembles the experience of the 2008 - 2009 crisis.
The impact that has been presented cannot be understood without understanding the importance of China in global value chains. China is the source of 5 branches of the world economy: pharmochemistry, automotive, aeronautics, electronics and telecommunications.
What is certain is that the uncertainty about the dynamics of the real economy has impacted on the expectations in the stock markets and on economic growth in the world. The reactivation of production, whenever it occurs, will be slower than the previous dynamics.

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