Comment on Coronavirus outbreak chills markets, outlook for global economy

Coronavirus outbreak chills markets, outlook for global economy

The widening coronavirus outbreak threatens to seriously disrupt the global economy just as it was steadying itself against headwinds from the U.S.-China trade dispute.Stocks fell sharply on Monday around the world on news of more infections in different countries. The U.S. Dow Jones was down more than 900 points during mid-day trading, while in Europe, the pan-European Stoxx 600 dipped 3.6 percent amid fears about the first major outbreak on the Continent, an eruption of cases in Italy.

 

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