The coronavirus pandemic could drag the global economy into a depression, and the outbreak may only be getting started.
Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.What investors couldn't know is that over the next 30 days, the coronavirus would burst out of quarantine in China, with major outbreaks in South Korea and Italy, then Spain, France, Germany, the United Kingdom and the United States.
Centre for Aviation, a consultancy, says most carriers will be bankrupt by the end of May unless governments bail them out. Cathay Pacific planes are seen parked on the tarmac in Hong Kong.Eswar Prasad, a professor of trade policy at Cornell University, said the nature of the pandemic will encourage companies to begin reviewing the costs of global economic integration.
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