The Economic impact of the Coronavirus
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The economic impact of the coronavirusThe world economy is on a downturn as Governments, companies, and households have sunk deeper in debts. The coronavirus pandemic has hit international trade hard in decades. Many industries faced with uncertainties are forced to layoff or furlough their employees. The impact of the coronavirus, which originated in Chinas Wuhan city, is devastating from airlines, hotels, and ports to sports.Data from Bloomberg indicates that stock markets worldwide have been falling as the virus spreads fast and wide. The markets have remained volatile as investors continue making panic-sale outs. World Economic Forum notes that the pandemic has resulted in the highest drop in the stock markets ever. Faced with an unknown future, investors are shunnin...
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