Virus outbreaks and its impact on economy
“The markets are moved by animal spirits, and not by reason.”-John Maynard Keynes
Last two decades had witnessed the virus outbreaks through out the world and it is alarmimg. The recent virus spread (Corona) in China is impacting the world economy in large, share markets diving down and a fear of recession is hovering over many economies. If we talk about factors responsible for trade cycles in economics, the virus outbreaks trends, tends us to consider it as cyclical factor responsible for recession and downfall of economy. Data trending on online platforms on markets downfall is itself depicting the seriousness required to study this new variable.Pharmceutical companies needs to be cautious,as it may fetch them with good source of revenue, but in long run if economy shatters, the survival will be a question mark.