Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
Epidemiologists are nervously tracking signs that the coronavirus is spreading widely beyond its origins in China. Economists are watching for much the same thing when it comes to the economic damage.
The global outbreak has caused upheaval in stock markets and disrupted supply chains around the world. On Tuesday, the Federal Reserve took aggressive steps to try to contain the damage, announcing that it would slash interest rates by half a percentage point.
So far, there have been few signs of widespread economic damage, at least in the …continued .
[Source: New York Times]