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The world economy is going down

The corona virus sowed fear not only for the health but is now also sowing fear in the commerce around the world. It seems that the supply chain is broken when products from Chinese factories stopped arriving to their customers. Especially that Wuhan, the epicenter of the COVID-19 virus, is the automotive hub of China, all the automotive supplies are on a halt.

The issue of the corona virus is still raging for 2 months now and the damage to the economy is already substantial. One economist said that if the situation persists for 6 months the world economy may suffer a big damage that some countries may go hungry, so to speak. The alternative suppliers are now being searched in Asia in lieu of China but it seems that it is like groping in the dark.

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What do you think?

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Written by Alex Socorro

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2 Comments

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  1. The coronavirus hasn’t reached but when it does, we will be affected negatively since we’re a developing country. But we have started experiencing economy challenge because our major tourist are Italians.

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