The coronavirus epidemic in China seemed like a distant threat to the U.S. economy a week ago, but that was before the carnage in the stock market. Fear itself, as is often the case on Wall Street, is also contagious.
After a 600-point decline in the Dow Jones Industrial Average DJIA, +1.11% on Friday, it’s quite clear the spread of the virus poses a risk to economic growth in 2020, at least in China and other parts of the world.
