Covid-19 looking like the straw that tips the world into another recession

Political leadership and coordination are in alarmingly short supply as the economic, political and financial costs of the coronavirus become clear. Things will get better, but not before they get worse

15th March, 2020
Covid-19 looking like the straw that tips the world into another recession
Pedestrians wearing face masks walk past an electric board showing the Nikkei 225 index in Tokyo. Picture: Getty

A few weeks after we all woke up to the fact that a viral plague affecting China was about to become a global threat, a sense of foreboding has taken hold. As the death toll grows, especially in Italy, where nearly every aspect of daily life has ground to a halt, the human cost of the coronavirus outbreak is distressingly obvious. Now the economic, financial and political cost is becoming apparent.

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