Friday Morning Coffee Nr. 89: Corona with lemon

310120 Friday Morning Coffee

Friday Morning Coffee Nr. 89: Corona with lemon

In his speech on Wednesday this week, Fed chairman Powell commented on the spread of the novel coronavirus "Coronavirus outbreak is likely to cause disruption in China and globally; uncertain what macroeconomic effects will be at this point." Stock-markets have been quick to adjust to this new risk factor and its potential impact on trade and economic growth. China is indeed important as it represents 18% of the world economy and any slowdown in Chinese consumption will be felt worldwide.

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