Global Supply Shock Gathers Momentum—80% Of US Firms In China Can’t Resume Full Production

The economic impact of shutting down major industrial hubs in China with more than 400 million people in quarantine, some reports actually indicate the total could be 700 million, is generating a massive shock that could tilt the global economy into recession. These disruptions will cause world trade growth to plunge. Already, recession bells are ringing in Japan and Singapore, as it appears, these two countries are on the brink of disaster.