Global wealth emergency: Covid-19 may be deadly to the world economy
As the world’s second-largest economy splutters, the global supply chain knock-on effect has been brutal
Should we panic about coronavirus? Chinese authorities have so far acknowledged far more than 2,000 deaths, with some 77,000 others infected. But daily fatalities, and the increase in reported cases, last week started to slow.
The Covid-19 death toll has already outstripped that of severe acute respiratory syndrome (Sars), which broke out in southern China in 2003. And a handful of victims have perished beyond the People’s Republic.
Yet coronavirus mortality rates are way below Ebola and H5N1. And 30 times more people died from influenza in the US last year than in China from this coronavirus outbreak...