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The economic impact

6 3 2
23.02.2020

A higher degree of uncertainty surfacing from rising incidence of deaths and people infected by the novel coronavirus (COVID19) across mainland China and rest of the world, is attracting widespread attention and is a subject of grave concern for China-dependent nations.

Health emergency

The presence of a centralised, closed technocratic political system in China has been largely responsible in raising serious doubts on its ability to remain transparent about its efforts to address a public health emergency of such growing magnitude (even though its public healthcare system remains one of the best in the developing world), or even provide credible information on how long it might take for the country to reduce the incidence of virus-affected people or, subsequently, restore already shut down economic activity and ensure freer movement of people. So far, as per the numbers reported by the Chinese government, there have been more than 2,000 deaths, all but six of them in mainland China.

More than 75,000 have been infected with the virus, with over 1,000 cases outside China. What are the economic ramifications of this unforeseen disaster that has already choked global manufacturing supply chains for big multinational companies (including the likes of Apple) inside China, while other countries continue to exercise temporal isolation in terms of allowing lesser mobility of goods and people to/from China? The relative........

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