Coronavirus spreads in three continents; markets brace for global recession

Coronavirus spreads in three continents; markets brace for global recession

The Edge Markets - World·2020-02-28 14:49

GENEVA/BEIJING (Feb 28): Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic of the disease and investors dumped equities in expectation of a global recession.

Share prices were on track for the worst week since the global financial crisis in 2008 as virus-related disruptions to international travel and supply chains fuelled fears of recession in the United States and the Euro zone.

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