Name: Could coronavirus tip the world into a global recession? | Rana report
Uploaded: 2020-03-14T07:42:08.000Z
Duration: 1 min 47 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Well, the coronavirus emanating from China hit global growth.

Could it tip the world into a global recession?

And it's something analysts have been comparing to the Sars

But the truth is that the world is much different now

of global growth, about a third of total economic growth

in the world, which is a higher percentage than the US,

That's both a consumer story and a business story.

it's a big part of the global tourism story.

In the US alone, before the US-China trade war

European countries, and particularly Asian countries,

are now being hit as Chinese consumers pull back

But coronavirus isn't just a consumer story.

The Wuhan area, Hubei Province, is a huge area

are already being downgraded off the back of this virus.

If there's enough supply chain disruption,

China may not be able to meet its new commitments

for US purchasing as part of the US-China trade agreement.

That would have geopolitical implications,

to be a big part of the global economic story this year.

Subtitles ListPlay Video

Could coronavirus tip the world into a global recession? | Rana report

average

impact

quarantine

recession