Coronavirus Impact On The World Economy In Five Charts

Workers don masks at a factory in Vasna Buzarg, India, as the rapidly spreading coronavirus fans fears over the global economy AFP / SAM PANTHAKY

The novel coronavirus, which started as a health scare, has now turned into a major threat to the world economy as it chokes factories, supply chains, travel and even the pharma industry. Here are five charts that show how the coronavirus is chewing up the global economy in ways never seen before.

OECD Slashes Forecast For World Economy After Coronavirus

The OECD now expects the world economy to grow by 2.4 percent this year, down from its November 2019 estimate of 2.9 percent. Read the story here.

Coronavirus_GDP_IBT — GDP growth forecast for the world's largest economies in 2020. Statista / IBT

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Is The Longest Growth Cycle In US History About To End?

The current expansion is the longest ever, trailed by the growth cycle that lasted from March 1991 to March 2001 and culminated in the bursting of the dot-com bubble. Read the story here.

US_Expansions_IBT- economy — The longest economic expansions in the United States since World War II (in months). Statista / IBT

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Black Monday Among The Worst 21st Century Crashes

After all three major stock market indices had opened Monday’s session with steep losses, trading even had to be halted for 15 minutes to avoid further damage. Read the story here.

Stock_Market_Crashes_IBT- Black Monday — Largest single-day percentage losses of the Dow Jones Industrial Average since 2000. Statista / IBT

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10-Year Treasury Yield Plummets To Record Low

Already on red alert due to the coronavirus epidemic, investors turned to safe havens, pushing the price of gold to a seven-year high and squeezing the 10-year Treasury yield to new lows. Read the story here.

Treasury-10_Year_Yield_IBT — Yield of 10-year U.S. Treasury bonds in 2020. Statista / IBT

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Coronavirus Expected To Impact Tech Industry Shipments

Smartwatches, notebooks, smart speakers and video game consoles are all expected to suffer double-digit hits on unit shipments this quarter, with TV shipments expected to be 4.5 percent lower than forecast before the outbreak. Read the story here.