Coronavirus outbreak: The economic impact explained
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- Опубліковано 20 сер 2024
- The spread of the coronavirus has pushed the pause button on one of the world’s biggest economic powerhouses: China.
China makes up a third of world manufacturing and is the world's largest exporter.
Decades of globalization have created supply chains so deeply interconnected that when there are issues in China’s economy, it’s felt across the globe.
As the number of coronavirus cases continues to rise around the world, there are deep concerns over the potential economic impact of the virus.
Emanuela Campanella breaks down the noise.
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"For a recession to happen, the coronavirus would have to reach pandemic levels"
Well, that got outdated REAL quickly.
fr tho
My humble opinion is that we are facing a period of time like the Great Depression. We are now in the beginning of the Bear Market and it will take a year or two until we see the bottom. There were huge rallies during the 1929 crash all the way through 1930 to 1931. Be careful out there and stay healthy!
Yes it is, but the market can only go lower before going back up right? then I am on the right track by investing rn, although I am inexperienced, i am learning fast.
I wonder what are the best opportunities to invest now are, there are opinions but a little later I find out these opinions dont matter as a totally different turn of events play out with the stocks they discussed therein.
@@martinking3839 Dont just venture into the market in these times without consulting a professional. I got the help of a financial expert and investment advisor with merril lynch, she goes by "Lisa Jill Grenell", google search her and learn more on how she can help you if you need help with investing or with a portfolio
The great depression took 15 years and a world war to get over it.
Trade wars lead to currency wars which leads to world wars.
@@hermandavid2171 I need help with an impartial advisor, I sent her an email and asked to connect on linkedin I hope she helps.
It's already at pandemic levels
new numbers out say 30 to 70 percent will be infected, but even the low means more sick than hospitals can handle.
millions of people may die but It’s all about money to these people. This is why this happened. They placed wealth over health. Greed.
Sad thing is that usually the wealthy and the powerful survive through it, because they have all the resources to better their chances of survival.
Hong Lee they are in their 10 million dollar survival bunkers now. Watching the stock market to figure out how they can make money off 3.4% of the worlds population dying. Greed.
It seems the world has developed two main types of humans. One seeks to live free and in peace and harmony and the other seeks to fleece the "sheep". Greed to be sure, but also no moral or ethical behavior on the latter group.
But economy is very important, because when there is economy crisis, there is war
WW II started because of economy crisis
That's why people are worried about economy
Carl A there is a third type of human that I call “coyotes”. Two legged coyotes. They prey on the weak and the elderly the same as 4 legged coyotes. Most people live pay check to pay check which means they can’t miss work or they can’t feed theirselves and their families. Beware of the predators and coyotes . Protect yourself and your own families because nobody else will.
All country's should be self sufficient!
We should co-operate under one world government. United we stand.
@@gamesguruepoch our leaders have failed us, people need to act themselves before they are no more , self quarantine before you get it , 1 human race 1 planet 1 chance good luck
They were during primitive medieval times. Do you want to go back to that? Maybe you would like to become a self sufficient serf living in poverty.
@@badquestion4785 you can go about your life as normal and hope for the best if you like , everybody is free to make their own choice, best of luck to you and everyone else🙂
@@muddywater8839 the president has a hunch though
That’s why everything shouldn’t import from 1 country
Why i dont wanna pay 10 grand for my iphone its better to let the chinese do the manufacturing
It is what it is
We likely don’t need 90% of the stuff getting imported so it will be ok.
johnny 1 or 2 things are ok if you start to buy most of the things from single country.. if that country falls down economically like now that will effect on on whole world as of now most of us in recession ... if that goes well that country becomes strong then there will fight for super power ... then they will try to control whole world
Jerry Rawlings yes if we start to produce raw materials then we can produce lots of things
A fed rate cut is a ridiculous attempt to stop the carnage. Easy money in the market for what??? This is a supply issue- not a demand issue.
Excellent comment 👍
It's all they know. Massive deflation coming our way!
I was in China right before the coronavirus, actually just made a video about his topic, but a huge majority of companies all rely on China for goods, now that the country is being locked, that's why the economy is going to likely crash soon.
I been was saying this. Most of the things we buy come from China. I also hate that people starting to act racist towards them.
You can fear an invisible enemy or TRUST in an invisible God 💖💖💖💖💖💖💖💖💖💖💖💖
Sarah x why did your god let the virus go pandemic. is he gone for some vacation?
God Bless you. Keep your Beautiful Faith in the Lord no matter what this worthless world tells you. All will be dust soon
I'd rather trust science over a dusty 2000-year-old fairytale, and I'm not making any assumptions about existing/non-existing enemies before I have the facts. And at that point, the enemy ain't so invisible now, is it?
Everyone for the most part is missing the real concern here. It is not the fatality rate but rather the need to focus on how to reduce the number of people that will require hospitalization. Why, because there is not enough hospital beds to deal with it.
Reports out now 30 to say 70 percent of the population will contract the corona virus. While 80 percent can be handled at home,15 to 20 percent will require hospitalization of which 6 percent will be critical.
There are 330 million people in the USA and Canada has 37 million.. Do the math. Even on the new low number, hospitals will still be over loaded. No health care for anyone but coronavirus patients.
Washing hands is not enough. Citywide quarantines will be needed to protect uninfected areas. Canada and the USA will have to work together on this for it to work, Unfortunately Canada is doing nothing.
Once this kicks into gear and say hospitals lose 20 percent of their health professionals and support staff, well I think you get the picture.
Feel sorry for health professionals, support workers and their families having to deal with this in affected areas of the country.
You got it Pard. It will take more time until the "masses" understand.
new numbers out say 30 to 70 percent will be infected, but even the low means more sick than hospitals can handle. I say, call it 50 percent infection rate and that will put us close to what we can expect.
Spot on, sadly.
MINISTRY OF HEALTH
AND
FAMILY WEALFAIR
🦁🦁🦁🦁
God I hope the people in China recover from this, as well as every other nation that has been effected by this virus.
Correct mindset
The economy was long, long overdue for a recession and had been propped up by the Fed and share buybacks for too long. A recession was "not allowed" to happen, interrupting the normal economic cycles. The coronavirus, while serious as a health issue, was simply the pin that pricked massively overvalued equities. I hope that the Fed et. al. will be smart enough to not continue the same fiscal irresponsibility that got the economy into such an overly inflated bubble again. Recessions are normal and necessary as part of the economic / business cycles.
This isnt going to be a recession or even a depression. You sound like a very book smart person but like most people, you failed to think it all the way through what this virus means to society and how it will effect the economy . There isnt going to be an economy. It means there will be the haves and the have nots . You probably dont realize this because it has never effected you before (just a guess) but most people live paycheck to paycheck and are now broke or will be broke soon. That is why the government is being so generous by printing money for everybody. Guess what is going to happen when all of those people run out of money and food. This virus isnt going away anytime soon so it is going to happen. The economy and your 401k is going to be the least of your worries.
Five days later..... Announced it reached a pandemic level.
I would like to hear about consequences for the Chinese government, get manufacturing out of China, strict travel out of China, a bill for the aid packages.
So i have a school activity wherein it ask about how pricing "How pricing in New normal affects the local and global economy"? Can somebody give me an answer ? THANKS 😊
Who else new about Corona Virus but not Sars???
(Me)
This attitude is precisely why business and government should be separate entities.. with the peculiar case of extensive lobbying in US, this is simply not the case.. and now people will pay with their lives for it
The survivors population will suffer from PTSD forever. We will never be the same again. GOD HELP US.
hope this gets better soon
Ok
I believe the Canadian govt requires all mfgs that sell there have a factory in country employing their people.
Why is the most recent video on the impact of covid on global economy 8 months old? Why has there been no analysis of the damage to the economy during the last 8 months? There is not a single recent video updating how the coronavirus has affected the economy. It's all 8 months old
The health crisis the world is going through these days affected jobs and business,closed companies and airports and stopped most aspects of dye in most countries of the world.God willing,this crisis will be evacuated but now will the global economy stagnation or inflation or will we turn to economy shock?This disaster of Covid 19 influenced the national (macro)economy status of some countries and also increases poverty level.
Coronavirus isn't the most deadly virus, but one of the most economically devastating
Where can I get the transcript of this? Anyone..? Thanks.
Things not looking good.
Is this going to result into marshal law and possibly WW3 ? Thoughts
How do you think it would lead to ww3?
Many are expecting a war between China and USA after the accusations to each other.
@@nawafabughazaleh why? A few accusations? The amount of money we deal with trade and business we do with each other, were just gona throw that away just cause a few accusations?
There's not going to be another World War.
@@muhamedjones122 I'm mean ww1 was called the war to end all wars and then ww2 happened. As well the great depression was thought to be the last but then 2007 financial crisis happened
With the cases being continues to rise in 2020 industry to share market will run out of money
60. As-Sadaqat (here it means Zakat) are only for the Fuqara’ (poor), and Al-Masakin (the poor) and those employed to collect (the funds); and for to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allah’s Cause (i.e. for Mujahidun - those fighting in the holy wars), and for the wayfarer (a traveller who is cut off from everything); a duty imposed by Allah. And Allah is All-Knower, All-Wise. (Q.S. 9 : 60)
Keep the boarders open and keep on having 5 kids at a time what could go wrong
한국인~
Doing a school thing thx fam
Coronovirus may demonstrate the need to remove pair money, a need for a national bank that can define exchanges and print money as it needs. Growth cant just be via loans and debt.
There is no ground that printing money money evaluates it unless one agrees in an exchange that more money will be used to purchase an object...its all based on perspectives...and influence.
If three guys have a currency they guy that has trust, and influence has most valuable money...
Hello
lol 1:10 "china's factories" - uses black and white 80s clip..
Thats not the 80s, probably the 50s or 60s.
This all happened on purpose. This virus was absolutely caused for a reason to accomplish economic take down quickly, because the current options being played out weren't getting the job done quick enough.
Give me a recession and depression daddy! I am a millenial at 33 years old still holding out on buying a house here in Australia.hehehe
That 1:10 guy is irritating
Isn’t this a good thing? We can now create more jobs in our own country . I might not know a lot about economics so sorry if I’m wrong but I see it as an opportunity rather than a loss or crisis...?
Unlikely, I presume. Supply chain market mostly interdependent to each other.
It has to reach pandemic levels, well duh?
Annnnnd it’s at pandemic level
Pandemic yet?
It is pandemic now
I'm happy to hear this news. The World is ending soon. WOW!
No,just the world as we know it
@@Jag-leaper HAHAHA Thanks. The world will be inherited by the meek. Is that better?
@@johnbrown2163 and no we have awhile yet before that....and very hard times ahead
@@Jag-leaper How much time do you think we have? A few weeks is not much time at all. The Economy will crash before the virus gets here.
@@johnbrown2163 as far as the meek inheriting the earth...it is going to be a long time before that happens,as far as the economy I agree.....its about to go down basically tommorow...