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The pandemic will bankrupt more people than it kills - and that's the real global emergency

The Power Balance Of The World

China is the world’s largest exporter of goods, and factory closures in the country affect global manufacturing and supply.

Apart from the very visible health costs, the economic costs of this pandemic can have far-reaching effects, leading to recession, and a global downturn.

Ultimately this is about the balance of power between East and West, with the rising superpowers, Russia and China wanting to reshape the global markets to their advantage.

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The pandemic will bankrupt more people than it kills - and that's the real global emergency

The pandemic will bankrupt more people than it kills - and that's the real global emergency

https://www.independent.co.uk/voices/coronavirus-deaths-trump-stock-market-pandemic-economy-bankrupt-italy-a9394891.html

independent.co.uk

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Key Ideas

The Economy Isn't Vaccinated

The very threads that hold the economy seem to be getting unstuck with the virus. If the virus doesn’t affect a person directly, it can affect one economically by stopping one from going to work, making employers evaluate one’s need in the organization, and even bankrupting a lot of startups and businesses.

Our economies are not ‘vaccinated’ by the incoming pandemic of panic, and many of us face real threats of not being able to pay the bills or losing one’s home.

The Power Balance Of The World

China is the world’s largest exporter of goods, and factory closures in the country affect global manufacturing and supply.

Apart from the very visible health costs, the economic costs of this pandemic can have far-reaching effects, leading to recession, and a global downturn.

Ultimately this is about the balance of power between East and West, with the rising superpowers, Russia and China wanting to reshape the global markets to their advantage.

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