Despite the rise of protectionism we were seeing prior to the coronavirus outbreak, the world’s economy still relies on globalization. Undoubtedly, the coronavirus has negatively effected economic output. But, the migratory nature of the virus (moving from China, to Europe, to North America) may actually benefit the world’s supply chains. As the virus moves, one country’s demand will slow down, as another country’s supply will increase. In theory, this should help global supply and demand. For more information on this, please click HERE for an excellent article.
