6 ways the coronavirus outbreak is affecting the global economy
The stock market suffered one of its worst weeks since the 2008 financial crisis as new fears emerged about the effects the potential spread of COVID-19 will have on global markets. Some indexes entered correction territory last week, as agencies, like the Center for Disease Control, warn about the possibility of a pandemic. Experts have predicted a global stock market selloff as the virus forces factory closures and strains global supply chains, according to the Organisation for Economic Cooperation and Development. Financial services firms from BlackRock to CitiGroup have taken precautions. Some have shut down operations overseas or canceled travel plans to insulate their businesses and employees from potential impacts. Scroll through our slideshow to learn how firms are handling the worsening virus.