A boy waves a national flag as his dad holds him and uses a smartphone with a selfie stick to take a photo, both wearing protective masks, in front of the portrait of late communist leader Mao Zedong (R, back) at Tiananmen Gate in Beijing on January 23, 2020.
Nicolas Asfouri | AFP | Getty Images
The global spread of the new coronavirus has shown little signs of abating, with several analysts warning that the hit to economies worldwide could be more severe than what’s currently expected.
“We believe it is too early to call an end to the market turmoil arising from the COVID-19 outbreak,” analysts from BNP Paribas, France’s largest bank, wrote in a Friday report. The new coronavirus, believed to have first emerged from the Chinese city of Wuhan in Hubei province, was recently named COVID-19 by the World Health Organization.