Could coronavirus be the recessionary catalyst that triggers a global economic downturn? RT’s Boom Bust investigates ...News

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Could coronavirus be the recessionary catalyst that triggers a global economic downturn? RT’s Boom Bust investigates
source : Russia Today ( News ) () 83
While the markets have slightly rebounded after the shock of the coronavirus outbreak, the effects of the crisis could ripple across industries, ex-Fed insider Danielle DiMartino Booth believes. After sliding to the lowest close in over a week on Friday over the spread of the deadly virus, US stocks rebounded slightly as the new trading week began, with the key Dow Jones Industrial Average index climbing over 200 points on Tuesday. However, the markets could still grossly underestimate the consequences of the outbreak and are just hinging on the Fed’s injections, says former Fed insider Danielle DiMartino Booth.

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