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Virus hits economy with twin supply-demand shock
Rate cuts insufficient, so policymakers need to find new ways to counter slump: Experts
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Staff at an empty restaurant in Rome yesterday after the government closed schools and cinemas, and urged people to work from home and not stand closer than 1m to one another.
PHOTO: REUTERS
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TOKYO • The coronavirus is delivering a one-two punch to the world economy, laying it low for months to come and forcing investors to reprice equities and bonds to account for lower company earnings.
From one side, the epidemic is hammering the capacity to produce goods as swathes of Chinese factories remain shuttered and workers housebound.
