The rapid spread of the Coronavirus has dominated headlines globally as the new decade began. However, it is likely that the impacts of the virus on businesses and, in particular, finance will grow significantly over the coming weeks and potentially months.
The disruption caused by the virus to date has been largely derived from the measures put in place to contain its spread (most notably the travel restrictions both within China and internationally), rather than the number infected by the virus. This seems likely to continue to be the case – experts are doubtful of the Coronavirus turning into a pandemic. China’s economic rise over the past few decades and the integration of global supply chains mean that these measures to contain the virus’ spread has had global ramifications.
