In light of the ongoing coronavirus crisis, Allianz issued a research considering that the disease will bring greater impacts, worst than those of the US-China trade war. In fact, the research reveals that the losses of trade in good and services may amount $320 billion per quarter following the business disruption.
Specifically, researchers expect that the COVID-19 outbreak will act as a major trade barrier in 2020. According to their calculations, the restriction measures against the disease,...
https://safety4sea.com/covid-19-to-bring-320-billion-of-trade-losses/