 "With the virus now shutting down travel, trade and many businesses, the global economy is expected to suffer with real GDP falling by 0.4 per cent.” the agency said.")
Coronavirus (Covid-19) pandemic has created a global economic tsunami, warns Moody’s Analytics, given how rapidly the virus has spread across countries and has forced lockdowns. China’s experience with COVID-19, Moody’s Analytics said, demonstrates the economic devastation the disease brings to an economy.
"The economic tsunami that hit China and much of Asia earlier in the year and hit Europe a few weeks ago is now slamming the US economy as more parts of the country require nonessential businesses to shut down. This sudden stop in the economy is unprecedented. The only analogue is the 9/11 terrorist attack. But that lasted
