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World economy heading to a slowdown ‘without question,’ professor tells Boom Bust ...News
Fears of the rapid spread of the coronavirus have panicked investors, sending world markets into a tailspin. RT’s Boom Bust talks to the Dean of Miami University Business School, John Quelch, about what this could mean for the global economy. “Until about a week ago we were talking about a supply-side problem,” he says, pointing out that the shutdown of factories in China was essentially disrupting supply chains worldwide. “Now we are talking about a demand-side problem that is beyond China spilling over to the rest of the world.” Demand-side problems mean consumer fear and lack of cons
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