There are some outlandish rumors about COVID-19, the disease caused by the new virus SARS-CoV-2, percolating on the internet: To some, it’s a dastardly bioweapon designed to wreak economic armageddon on the West; a left-wing conspiracy to damage the reelection prospects of President Trump; a virus that leaked from a …
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How badly is the coronavirus epidemic damaging the global economy? How much is the resulting COVID-19 illness hurting U.S. businesses and consumers? Here’s an ongoing MarketWatch update on what the economic VIPs are saying. • The Federal Reserve on Tuesday cut a key U.S. interest rate by 1/2 a percentage …
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China’s extraordinary economic growth over the past four decades transformed the country into the world’s second-biggest economy. The key to this growth is global trade. China is not only the largest trading partner in the world, but it is also central to a myriad of supply chains. From raw materials …
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