The Covid-19 coronavirus continues to spread fear and destabilize markets. Now the worst of fears for many are being confirmed as a new study says that up to fifteen million people could die from it as Yahoo! News reports by way of Business Insider.
New modeling from The Australian National University looks at seven scenarios of how the outbreak might affect the world’s wealth, ranging from low severity to high severity.
In the low-severity model — or best-case scenario of the seven — ANU researchers estimate a global GDP loss of $2.4 trillion, with an estimated death toll of 15 million. (source)
This would be a horrible thing if this happened, but one cannot say it will.
There are a lot of questions being asked right now and not enough answers, and one should not jump to any rash conclusions.
That said, one can say that the interruptions to supply chains will significantly pick up towards the end of 2020, which will likely have ongoing effects during the Christmas season.
Right now, it still remains that the perception of the disease is deadlier than the actual disease itself, as far as it will affect the economy, society, and inevitably election-year politics.
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