Corona virus predicts global epidemic: Moody's

New delhi date. 27 February 2020, Thursday

US agency Moody's Analytics on Corona Virus has expressed concern that the Novel Corona Virus (Covid-19) will pervade the global recession if the epidemic is on the rise.

Concerned by Moody's Analytics, the virus could now be a worldwide threat by damaging China's economy. Mark Jandy, chief economist at Moody's Analytics, says the situation could be even worse if the Corona virus is not overcome.

It is worth mentioning that the corona virus has now spread beyond China and a large number of deaths have occurred in South Korea. In addition, Italy has reached Iran.

What Moody's said

Moody's said Wednesday that the virus has now spread to Italy and Korea. The likelihood of an epidemic is also increased. Mark Jandy In a commentary on the impact and impact of the Corona virus, the Corona virus is a major blow to the Chinese economy, which has become a threat to the global economy.

Prior to Moody's, the corona virus was suspected to have hit the global economy by 20 percent, which has now been raised to 40 percent. If Corona assumes a deadly form, it will cause global and US recession during the first six months of the year. Moody's Analytics said that we are optimistic that this will not happen, but if it does, it is wise to be prepared.

How did the virus begin?

The virus originated in Wuhan City, China in December 2019. And now more than 2663 people have died due to the virus. The trade and tourism business has also been stalled by the virus in China. At the same time, the airlines have canceled their flights to China. And the cruise of the cruise along the coast has also been stopped.