👉Global Recession Looming as The World Economy teeters on Edge of A Collapse !!
Channel: GeoStar TV
Date: 2020-03-07

Global Recession Looming.  The Dow plunges another 1,000 points for the third day this week as markets are sounding the alarm bells of an imminent global RECESSION . The pandemic panic wipes out $6 TRILLION off world stocks. The U.S. stock market suffered a historic pullback this week, as the pandemic spread outside of China, spooking investors and traders out of equities. Shares around the world have lost the equivalent of two years of the output of the entire UK economy in value just in the last week; squeezing investments such as pension funds.
Reality has hit.
epidemic isn't just a problem for China's economy but for all our fortunes.
Everyone will be affected.
 As outbreaks of the virus have multiplied around the globe, it's become clear that the economic disruption will be equally widespread now.
From carmakers to electronics giants like Apple, global manufacturing supply chains are being hit by factory shutdowns in China.
But customer demand is also affected.
Efforts to contain the disease has hit travel and tourism very badly. 
Sales are falling as people stay away from bars, restaurants, and shops.
All this comes at what is already a difficult time for the world economy.
China, Japan, Italy, Germany, and the UK are among the countries where growth has already been faltering. 
Some economists are warning that perhaps One Trillion Dollars could be knocked off global growth this year alone.
A hit that will be hundreds of times greater than that of SARS, for example. There have been sharp falls in global stock markets worldwide.
The total cost of this week's plunging values has been more than six trillion dollars.
In the UK, for example, the footsie 100 closed the week 13% down.
That's the biggest fall since 2011.
The governor of the Bank of England said the UK's forecast for economic growth is being downgraded, and some fear there could be a global recession.


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