Could the Coronavirus derail the global recovery? Or is it an investment opportunity?
One cannot help but have been perturbed by the dramatic drop in the FTSE100 on Monday 27th January of nearly 2.5% which was ‘blamed’ on the Coronavirus. What the ultimate impact of the virus will be is an unknown. However, the question remains as to how deeply the outbreak could affect the world economy.
I recently read an interesting article on the subject from Schroders, written by Piya Sachdeva and Azad Zangana, that I felt captured the key arguments and caused me to reflect on the crisis more broadly.
As the news bulletins continue to remind us, China is acting fast to contain the spread of Coronavirus but the risk of economic disruption is high.
Concerns over the spread of the virus are escalating as the death toll has jumped to 81 with 2,744 confirmed cases worldwide (as at 11:00 GMT, 27 January). Travel restrictions on about 40 million people around Wuhan, in the Hubei province of China, have been introduced in an effort to contain the outbreak. However, cases of the virus have