Coronavirus is a clear global recession threat

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And Australia will get the absolute worst of it. Let’s begin with latest update virus update:

Plus:

  • The mortality rate is still hovering around 3%.
  • The virus has an incubation period anywhere from 1-14 days.
  • It is more contagious than SARS.
  • It is often asymptomatic with no fever.
  • 5m people escaped the Wuhan blockade before it was imposed.
  • China has quaratined 60m people and extended the CNY holiday period.
  • Yet the virus is clearly out of control and is going to get much worse.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.