It is understandable that governments are being very cautious: at the moment there are no vaccines and it is not totally clear how it is spread. It could yet become a global pandemic. At the moment the death rate seems pretty low.
Several things are certain:
- As many things are now made in China, supplies will be disrupted.
- Demand for oil is falling in China.
- Cruises will become less popular.
- The impact on the global economy could be massive.
A lot will depend on the next few weeks.
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