By Anwiti Bahuguna
First, supply was the concern. Now demand is dropping - and recession risks are clearly elevated.
When the news of the novel coronavirus first began to emerge from China, economic analysis was generally focused on the disruption of supply chains and the effect on companies unable to easily relocate manufacturing. Now that companies and consumers are cutting back on spending, a drop in demand has heightened fears of a sharp slowdown in economic growth. A collapse in oil prices has added to concerns.
The growth outlook dims
Recession risks are now clearly