Will virus drive world recession? #Thansyn
The coronavirus has killed over 1,300 people thus far. Loss of life and other human costs — think of the guests and crew quarantined on the Diamond Princess cruise ship off Yokahama — are far more important than commercial implications.
Nonetheless, many headlines are focused on important commercial implications.
- Mobile World Congress (MWC) in Barcelona called off over coronavirus fears. This is a half-billion euro event. The organizer’s event insurance will likely not help them unless restrictions are imposed on public gatherings in the country on health grounds, which is not the likely at this time.
- F1’s Chinese GP called off because of coronavirus with Vietnam race at risk.
China’s race was to be run 19 April, Vietnam’s 5 April.
- Chinese financial shock gathers steam as world holds its breath on coronavirus.
- Coronavirus Shock Could Push Europe Into a Downturn
- WHO official says it’s too soon to predict the end of the coronavirus outbreak.
- The Economist says “A ray of hope in the coronavirus curve. A downward trend in new cases in China suggests that the virus might have peaked.” They sketch an optimistic curve, with no new cases projected before the end of this month and a pessimistic one, with no new cases by mid-March, 2020.
Different economies are in a position to be more or less tolerant of disruption. Likewise different industries and enterprises.
Across ThAnSyn, The Analyst Syndicate, we’re collecting a range of positions that we will expose on this page beginning on the 20th of February. We aren’t experts on calling recessions or recoveries. But we’ve enough experience advising enterprises on how to become more resilient to be able to better weather the economic storms they’re going to encounter.
Come back on or after the 20th of February to get a sense of the positions and advice our analysts develop and watch how they evolve.
Here’s an interim list of analyses by members of The Analyst Syndicate (updated daily). All are on the syndicate’s main web site: thansyn.com.
- The end of big events could be nigh
And here are some new overnight headlines to consider (as of 13 February):
- Coronavirus Cases Seemed to Be Leveling Off. Not Anymore
- Fed Watching Risks of Broader Coronavirus Disruptions
- S. Travel Industry Set for Multibillion-Dollar Hit From Coronavirus
- Coronavirus Test Kits Sent to States are Flawed, C.D.C. Says