Re:MWC 2020 canceled over coronavirus health concerns
by robjan on Thursday February 13, 2020 @01:28AM
(#22315756)
Even if it takes longer, it's not permanent. Most components of the SP500 and other indices are not going to be bankrupted by this.
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Re:MWC 2020 canceled over coronavirus health concerns
by mantap on Thursday February 13, 2020 @09:41PM
(#22323549)
15-20% of people who get this illness require hospitalisation. In the worst case scenario where it infects a billion people... you can do the maths. There is a huge potential for disruption to production and supply chains, especially in developing countries with developing healthcare systems.
If this situation gets out of control, it could trigger a global recession. Nobody is buying much from Wuhan for the foreseeable future. Imagine what would happen if it spreads across Asia.