The effect of the corrona virus on the global economy and trade in general Andrew Hudson
The coronavirus has been reported in all 23 provinces in China and around the world. The Chinese Government has already extended the annual Lunar New Year
holiday period until 3 February 2020. Other manufacturing hubs have already indicated further delays until the resumption of work.
There have been some immediate global impacts including general falls in the US and Australian stock markets but the purpose of this article is to consider possible impacts on trade and the industry which implements that trade. The most recent relevant example is associated with the 2002 – 2003 Severe Acute Respiratory Syndrome (SARS) which also originated in China and also around the Lunar New Year.