The Impact of the Coronavirus Outbreak on the Economy and Your Investments
January 29, 2020
The recent coronavirus outbreak has already enacted a human cost. At the time of writing, there have been nearly 4,700 confirmed cases, resulting in more than 100 deaths. Both numbers are expected to climb as healthcare officials around the world continue to monitor the situation. Calculating the economic impact of the outbreak, however, may be more difficult. Even If the outbreak does not turn into a widespread pandemic, it has the potential to roil the financial markets, and depending on the size of the outbreak, could spark a major sell-off and hinder economic growth.