Global stocks fell sharply last week over fears that the ongoing spread of the 2019 novel coronavirus (Covid-19) will severely hurt the economy.
Global stock markets suffered some of their worst drops in more than two years on Monday, following fears that the outbreak of the 2019 novel coronavirus (Covid-19) will be much more damaging to the economy than originally feared.
Wealth effects from stock market fuel sales
By Matt Kovac
Global stock markets yesterday added to losses accumulated over the past two weeks following a massive drop in global oil prices. The dramatic drops were attributed to growing fears over the impact on global oil market demand and the overall economy from the coronavirus.