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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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As global industry shuts down, so does the economy

With factories and offices being closed to limit the spread of the virus, global economic collapse is unavoidable.
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The Argument

China is a major part of the global supply chain. Companies like Apple and Huawei - who rely on trade with China to maintain distribution - have already experienced disruptions in their earnings.[1] China is also one of the largest importers of oil in the world, meaning that global oil demand has decreased significantly.[2] Many of developing or emerging economies are deeply affected, and so are especially vulnerable to change and volatility.[3] China is shutting down major parts of its industry. When Chinese industry shuts down, so does global industry. When global industry shuts down, so does the global economy.

Counter arguments

Premises

[P1] Chinese industry is a major part of global industry. [P2] As Chinese industry shuts down due to coronavirus, so does global industry. [P3] This causes severe damage to the global economy.

Rejecting the premises

References

  1. https://thehill.com/opinion/finance/483899-chinas-coronavirus-economic-cardiac-arrest
  2. https://www.weforum.org/agenda/2020/02/coronavirus-economic-effects-global-economy-trade-travel/
  3. https://www.bbc.co.uk/news/business-51386575
This page was last edited on Wednesday, 4 Mar 2020 at 11:37 UTC

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