Coronavirus to have serious economic impact in the short term: NZ finance minister

WELLINGTON - The coronavirus outbreak will have a serious impact on New Zealand’s economy in the short term, and the government may need step in if it leads to a global pandemic, the country’s finance minister said on Thursday.

Prime Minister Grant Robertson said if the virus outbreak becomes a global pandemic that in turn creates a worldwide downturn or recession, then it may be necessary to consider immediate fiscal stimulus to support the economy.Reporting by Praveen Menon; Editing by Tom Hogue

Oh, he just had an idea!

Good thing we have a saint on the case!

Hell of a lightbulb moment this one.

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Global Stocks Stabilize After Deep Wall Street SelloffStocks were mixed while bond markets flagged continued fears among investors about the economic impact of the coronavirus outbreak after a sharp selloff a day earlier. Of course the market is a mirage, that tell us in reality we the people don't need it. The WSJ hangs on human rights and democracy all day, didn't have the courage to apologize after insulting Chinese citizens not relating the political system. Instead, it continued to make excuses by attacking Chinese politics to avoid apologizing. shamed!
Source: WSJ - 🏆 98. / 63 Read more »