(Pxhere)
As the total confirmed cases of Coronavirus crosses above 20K and is showing no statistical signs of slowing, the likely economic impacts of the virus grow. Within a matter of weeks, the virus became officially worse than SARS both in numbers of cases and in total deaths. When Chinese stocks reopened trading on Monday, most major indices gapped 7-11% lower, despite a massive $174B (1.2T Yuan) liquidity injection.
Currently, two-thirds of China's entire economy is closed for an extended holiday to keep people from going to work/outside where they may become infected.