Corona and the world economy
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Started by GunterK - Feb. 18, 2020, 11:41 a.m.

https://www.zerohedge.com/markets/dominos-are-falling-china-shutdown-disrupts-indias-economy

"...The supply chain shock emanating from China to other Asia Pacific countries and Europe, could become a major headache for India.

Bloomberg focuses on how an industrial shutdown of China's economy has already had a profound effect on India’s economy and could get worse...."

..., said prices of medicine in India have exponentially jumped in the last several weeks, thanks to much of the medicine is sourced from China.

and

"...Already, the production of iPhones and Airpods has been reduced in China because of factory shutdowns. The closure of Foxconn plants in India would be absolutely devastating for Apple. Apple produces iPhone XR in India. If the production of affordable smartphones is halted or reduced, the Californian based company could see full-year earnings guidance slashed. 

"...Supply chain disruptions are moving from East to West. It’s only a matter of time before production lines are halted in the US because sourcing of Chinese parts is offline. The disruptions of supply chains is the shock that could tilt the global economy into recession.  ,.."

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