There was talk, since last year, that in 2020 there will be a global recession or even an economic crisis. But the economic data from the beginning of the year looked very good. There were no signs of an economic downturn. Then, as a wonder, this coronavirus appeared. Where did he appear? In China.
China was the second largest economic power in the world. Where did this coronavirus hit? It hit China's economy. Then this virus began to spread globally. It has hit the economies of all countries. What is the result? The result is that today all the stock exchanges in the world have collapsed.
All economic markets are destroyed. What this means? Economic recession or crisis. The coronavirus has achieved its intended purpose. I'm sure the antidote that will destroy the virus will now appear. But the economic consequences will be long-lasting.