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This is how Covid-19 will raze the global economy
This once-in-a-century pandemic is hitting a world economy already saddled with record levels of debt.
On Wall Street, bulls hope that the worst can pass fast, just as it seems to have in China. But China's economy is still set to contract and the crisis could circle back on it.
PHOTO: AFP
THOUGH the Federal Reserve moved over the weekend to slash rates and buy treasuries, markets around the world fell on Monday anyway. The coronavirus threatens to set off financial contagion in a world economy with very different vulnerabilities than on the eve of the global financial crisis 12...
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