Corona virus & the global economy

1. The new corona virus which first emerged in the chines city of wuhan last December.
2. It has infected more than 1, 10000 peoples in at least 110 countries.
3. The virus outbreak has become one of the biggest threats to the global economy & financial
market.
4. Major institutions and banks have cut their forecasts for the global economy with the organization
for economic cooperation and development.
5. Meanwhile fears of the coronavirus impact on the global economy have rocked markets
worldwide with stock price & bond yields plunnings.
6. The manufacturing sector in the china has been hit hard by the virus outbreak,
7. The global manufacturing activity could remain subdued for longer economist said.
8. The virus outbreak in china has also hit the countries service industry as reduced consumer
spending hurt retail store, restaurant & aviation among others.
9. A reduction in global economic activity has lowered the demand for oil taking and oil prices to
multi years lows.