Sunday, March 15, 2020

Coronavirus will bankrupt more people than it kills — and that's the real global emergency | The Independent

Coronavirus will bankrupt more people than it kills — and that's the real global emergency | The Independent
  • We may look back on coronavirus as the moment when the threads that hold the global economy together came unstuck
Image result for economic depression"Coronavirus’s economic danger is exponentially greater than its health risks to the public. 
If the virus does directly affect your life, it is most likely to be through stopping you going to work, forcing your employer to make you redundant, or bankrupting your business.
The trillions of dollars wiped from financial markets this week will be just the beginning, if our governments do not step in. 
...Worldwide, Covid-19 has killed 4,389 with 31 US deaths as of today. 
But it will economically cripple millions, especially since the epidemic has formed a perfect storm with stock market crashes, an oil war between Russia and Saudi Arabia, and the spilling over of an actual war in Syria into another potential migrant crisis..."
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