GOING VIRAL

The novel coronavirus co-vid19 has certainly taken hold globally since last month.

The viral time lag of one month is certainly evident in this early phase of the spread of the disease.

The economic impact time lag is longer again, and it will be down the line that the effects will become even more apparent.

The financial markets have already registered a major shock, and the price of oil in the market has seen massive falls.

Those who regarded the outbreak as a black swan event were not misguided.

It can only be hoped that the contagion is contained, although that is looking unlikely at this point in time.