COVID-19: Global Market Model Predicts Major Economic Impact of Coronavirus Across Markets
PRNewswire is a press release distribution service. On Mar 03, 2020 released an article on the global market model, sourced from TBRC`S Global Market Model report. Major sporting, business and entertainment events are likely to be cancelled, thus slashing revenues. Beyond this, however, other markets will see major down turns. The most important reason for this will be loss of consumer confidence, with consumers stock piling and avoiding luxury expenditure in the face of wide-spread health concerns. Added to this will be losses in productivity due to workplace closures and supply chain disruptions.