The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
Tag: Consumer Behavior
How Bad Could It Get? Companies Gauge the Coronavirus Impact
Whether the economy slides into a recession may be determined by the way businesses react to the outbreak.
SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.
In the nearly 20 years since SARS, China’s importance in the global economy has grown exponentially.
How China’s Coronavirus Outbreak Could Threaten the Global Economy
Markets have tumbled as investors worry that Chinese shoppers will stay home for the Lunar New Year holiday and beyond. Economists say the possible impact isn’t yet clear.
China’s Spenders Are Saving. That’s a Problem for Everyone.
Chinese consumers, a $4.9 trillion force, transformed the global economy. With their own economy slowing, they are pulling back.
Chinese Consumers’ Confidence Sags, Casting a Pall Over the Global Economy
Apple’s slumping iPhone sales in China are the latest sign that the country’s spenders are increasingly bothered by the economy, debt and other problems.