The Coronavirus Is a Nightmare for the Global Economy

When the world’s #2 economy hangs up a big “CLOSED” sign, it’s going to have a major negative impact on global trade.

Originally published by Peak Prosperity.

As China now has placed over 400 million of its citizens under quarantine, China’s economy is grinding to a halt. Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country.

As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. Did you know China makes the vast majority of our prescription pharmaceuticals? A MASSIVE hit to the global economy will directly result from the damage the coronavirus is currently doing. And it may get worse.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s