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China on lockdown

  • 10-02-2020 10:44am
    #1
    tara73
    Registered Users Posts: 2,342 ✭✭✭


    bit surprised there isn't already a thread about it, but I really wonder what will the consequences/scenarios be for the world economy/different countries whether China will break down economy wise due to the corona virus tragedy.
    I personally have no real clue, I imagine a really bad world wide recession but some countries could also benefit from it..?


Comments

  • #2
    saabsaab
    Registered Users Posts: 7,737 ✭✭✭saabsaab


    I think China will bring it under control by severe quarantines etc. It may come under control there in the next few months so no great effect overall. I woudl be more worried about other Asian countries that may not respond as strongly to the threat.


  • #3
    saabsaab
    Registered Users Posts: 7,737 ✭✭✭saabsaab


    This tread didn't take off but the world economy is sure to be rocked now.


  • #4
    greenfield21
    Registered Users Posts: 976 ✭✭✭greenfield21


    Little precedent probably a reason so nobody knows what's going to happen. anybody found any interesting analysis or research please post. The media is a mess cant make any sense of it.


  • #5
    tara73
    Registered Users Posts: 2,342 ✭✭✭tara73


    saabsaab wrote: »
    This tread didn't take off but the world economy is sure to be rocked now.


    yes, this forum seems unpopular anyway. a pity I think, people doesn't care obviously but it will hit almost everybody. If things with the virus don't improve in summertime I see a bigger recession worldwide than 2008.
    I have a friend living in Beijing (Beijing, not Wuhan!) and she gives updates on the situation. Everything is still closed in Beijing also, she's doing homeoffice. She can go out ofr shopping, for a walk but districts are sealed off within each other, means there are guards on the entrances of the streets and she has to show a card to get into her district. no person who doesn't live in this district will be let in.
    Streets and subways are mostly empty of people, birds and other animals reclaiming territory:)


    shops are still closed, shopowners already going bankcrupt, money is getting tight with those people.


  • #6
    Thisonedone
    Registered Users Posts: 68 ✭✭Thisonedone


    It does seem like markets are massively underestimating the impact of this virus on the world economy. They were very overpriced going into this and the likes of the Nasdaq and s&p are only down around 8 percent so far.


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