DOUBLING DOWN ON THE CORONAVIRUS

Last Thursday, Christine Lagarde, president of the European Central Bank, said the Coronavirus has succeeded the U.S.-China trade turmoil as Europe’s main risk to growth this year because China has closed factories, restricted travel, and quarantined cities due to the virus.

Her comment followed news that German . . .

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1 Comment
  1. Philip Zyrski 1 week ago

    Christine Legard knows better than that! Come on! We all know that the Coronavirus is only a minor factor of the economic stagnation. Also, the trade war barely has any significance because it only conside of 3% of the overall global economy. As for closed factories and travel restrictions, I personally think an ounce of prevention is worth a pound of cure. If these restrictions never took place then the Coronavirus could’ve been running wild all over the world and would’ve inflicted far more damage to the global economy than its doing right now. But the real cause to this economic decline occuring worldwide is the same across the board. Income and wealth disparity, lack of opportunity, cronyism, nepotism, corruption, poverty and violence.

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