The variety of folks contaminated and affected by the coronavirus continues to develop globally. Governments, in addition to businesses such because the World Well being Group, are working tirelessly to include and finally defeat the virus. In China, native governments have locked cities and companies and restricted journey. And most people has adopted voluntary quarantine at dwelling. The human toll is heavy.
As with many crises, the repercussions of coronavirus are additionally being felt on the worldwide financial system and the monetary markets. Many observers examine the coronavirus to the 2003 SARS epidemic. Whereas this may occasionally present helpful data, there are variations between the 2 intervals to be thought of. China is a a lot bigger a part of the world financial system and markets than it was 17 years in the past. China's share of world commerce rose to five% in 2018 from 11% in 2018, in accordance with World Financial institution statistics. On the similar time, its share within the MSCI Rising Markets index elevated to 34.three% from 7.86% in 2003.