By Aaron Task “Economic risks exist with regard to the coronavirus outbreak in the People’s Republic of China,” Germany’s central bank declared on Monday.
Really? You don’t say!
China, as the world’s second-largest economy and the epicenter of the outbreak, is at a virtual standstill. This after China’s gross domestic product (GDP) rose “just” 6.1% in 2019 – its slowest pace since 1990.
Meanwhile, Japan, the world’s third-largest economy, saw its GDP fall by a whopping 6.3% in the fourth quarter.
And Germany, the world’s fourth-largest economy, posted zero growth in the fourth quarter. And that was before the novel coronavirus scare.
Apple (Nasdaq: AAPL) – whose …read more
