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Will coronavirus destroy the global economy? Will coronavirus destroy the global economy?
The coronavirus is bringing down ill-prepared national economies The coronavirus is bringing down ill-prepared national economies
The coronavirus will destroy the global economy The coronavirus will destroy the global economy
The economic impacts of the coronavirus are short-term The economic impacts of the coronavirus are short-term
Global economic collapse has been coming for some time Global economic collapse has been coming for some time
The Chinese economy has been affected as it is the epicentre The Chinese economy has been affected as it is the epicentre
The US economy was affected by a climate of fear The US economy was affected by a climate of fear
As global industry shuts down, so does the economy As global industry shuts down, so does the economy
Damage to the Chinese economy can't happen in isolation Damage to the Chinese economy can't happen in isolation
Coronavirus is already destroying the global economy Coronavirus is already destroying the global economy
The virus 'shocked' markets, but this will stabilise The virus 'shocked' markets, but this will stabilise
Leading economists have warned of a 2020 crash for years Leading economists have warned of a 2020 crash for years
The crash was predicted by blind Bulgarian prophet Baba Vanga in the 1970s The crash was predicted by blind Bulgarian prophet Baba Vanga in the 1970s
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Will coronavirus destroy the global economy?
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The coronavirus will destroy the global economy

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Coronavirus is already destroying the global economy

This isn't a question of 'if' - it's already happening.
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The Argument

To believe that we can contain economic impacts in the age of globalisation is farcical, as is already being seen. The OECD has characterised coronavirus as the biggest threat to the global economy since the 2008 crash.[1] Already, the economic effects Coronavirus has wiped $1.7 trillion off of the US stock market in a couple of days.[2] Coronavirus' impact on the global economy isn't a hypothetical; it's happening. The global economy is in grave danger and the effects are already being felt. As coronavirus itself spreads internationally, so does economic volatility, and like the virus this shows no signs of stopping.

Counter arguments

Premises

[P1] There have already been severe global economic effects of coronavirus. [P2] Coronavirus is already impacting the global economy.

Rejecting the premises

References

  1. http://www.oecd.org/newsroom/global-economy-faces-gravest-threat-since-the-crisis-as-coronavirus-spreads.htm
  2. https://www.cnbc.com/2020/02/25/coronavirus-wipes-out-1point7-trillion-in-us-stock-market-value-in-two-days.html?__source=facebook%7Cmain&fbclid=IwAR3avxsXkxXIcCLL6F5xu_GV9cMVijae6fuvXpK6rV0-UU6ZBYx1nZGt88Q

In the Wild

This page was last edited on Thursday, 30 Jul 2020 at 12:58 UTC

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