There is no way the global economy can avoid a recession, according to Roberto d’Ambrosio, the CEO of Axiory Global. He told RT that demand will come to a halt because the economy is now in a shutdown. “All the related industries will be impacted and a lot of companies could really be out of business,” he said. The industries will get hit and shut down, “the global demand will go further down because people will be laid off and there will be no capacity [for] demand for goods.” According to the economist, the coronavirus has impacted a situation that was “already showing some signs of weakness” ignited by the trade war. He explained th
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