The novel coronavirus that has raced onto the global radar is a black swan event according to some commentators. Already the fall-out from the outbreak in Wuhan is severely affecting the functioning of the Chinese economy as well as impacting on the health of its citizens.
Analysts predict also that demand for oil will fall by a third this year - due to the downturn in economic activity. Lower oil prices are already evident with Brent crude down to €53 a barrel in early February.
The effects of the virus will be felt globally in the economic sphere - it is hoped that it will be contained and not spread its effects to the health of the world population.
