The global coronavirus outbreak has painted a bleak picture for the U.S. economy and drastic measures must be taken to stop the virus from spreading, CNBC’s Jim Cramer said Wednesday.
The suggestion came after the World Health Organization officially called the fast-spreading virus a global pandemic, the number of cases in the country rose above 1,110 and the death toll reached 32 people as of the afternoon, according to data from Johns Hopkins University.
“There’s nothing more important than trying to stay home, wash your hands, and get your supplies,” the “Mad Money” host said. “Hopefully we can stagger this thing out and our scientists will come up with something to stop or at least slow the spread … and it includes a recession.”
Cramer, who is bearish on the market, explained what action could be…