T he overall global economic impact of coronvirus is set to be ‘ bigger than the US-China trade war ’ , according to a report by a leading trade payments insurer Should we panic about coronavirus? The COVID-19 death toll has already outstripped that of severe acute respiratory syndrome (Sars), which broke out in Southern China in 2003. […] Yet coronavirus mortality rates are way below Ebola and H5N1 – and 30 times more people died from influenza in the US last year than in China from this coronavirus outbreak. […] Hyundai has also closed domestic factories, putting 25,000 car workers on forced leave – and in South Korea, the number of coronavirus cases is accelerating. […] Chinese state under duress AP Moller-Maersk, the world’s largest container shipping company and a bellwether for global trade, is warning of “a very, very weak February and a weak March” due to coronavirus.
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