asked their employees to work from home, and Giorgio Armani held his women’s Fall/Winter 2020/2021 fashion show in an empty theater.
What’s happening to Italy’s fashion industry is likely a preview of the coronavirus’ impact on the global economy more broadly. Companies in a wide range of industries are dependent on China as both a manufacturing behemoth and billion-plus-consumer market. But as life in some parts of the country comes to a near-standstill in the face of the outbreak, that reliance looks more and more like a weakness.
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Global Stocks Rebounds On Bet Central Banks Will Offer Coronavirus ReliefMarkets rebounded on Monday after suffering their worst week since the 2008 financial crisis in a bet that central banks will intervene to support a global economy weighed down by the coronavirus. No other choice Premature But HOW can the market ALREADY REBOUND on a 'bet' made by Central Banks when NO ONE...NOT EVEN MEDICAL OFFICIALS fully know the ramifications of this virus? 🤷🏽♂️ WOW🤦🏽♂️IT REALLY BOGGLES MY MIND to know there are egotistical people who deem themselves 'experts,' but act as rookies!
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