“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 […]