The Economic Backlash of the deadly COVID-19 outbreak continue to ripple worldwide, with the Dow Jones Industrial Average in USA dropping 1,191 points on Thursday 27th February 2019 – its worst one-day point drop in history.
As new cases of the virus – which currently has no known vaccine – continue to spread worldwide, there are no signs of the economic backlash abating.
In his prophetic message for 2020, prominent Nigerian cleric had given a worldwide warning that “the economy will have a backlash”, specifically mentioning how the American economy would be affected.
He equally termed 2020 “a year of humility”, adding that God would “humble us with our challenges” – even if it meant such challenges would “destroy us or expose us”.
The outbreak of the deadly virus, known as COVID19, has sparked worldwide fears and led to over 500 million people in China entering ‘lockdown’ with restricted movement in efforts to contain the spread of the sickness.
https://www.youtube.com/watch?v=k6aJLBVG96c
Several international and sporting events have been cancelled as a result of the far-reaching impact of the disease which has already caused almost 3000 deaths.
Multiple businesses have warned of impending losses in revenue as global supply chains from China have been hit by the outbreak.
Analysts have warned that transport groups, hospitality chains, airlines, luxury goods makers and retailers will be among those hardest hit by the virus as Chinese consumers stay away from shops and travellers put off holiday plans.
