A sharp and deep recession lies ahead – Martin Tarpanov, Deltastock

Since the beginning of this year the world is living under the threat of the new coronavirus SARS-CoV-2, more popular with the name of the illness it causes – COVID-19. It is dangerous both to the people and the economy and, though in the beginning the concerns about the economy were only moderate, in the past few weeks pessimism, at moments reaching apocalyptic forecasts, took hold of analysts, investors, business people (big and small) and common people alike. The questions which is more important – economy or health – spark fierce debates. 

This is why we asked Martin Tarpanov – a professional dealer with over 15 years of experience, head of the Fixed Income Securities Trading department in Deltastock and member of the company board – for his views on the global economy, the measures and the consequences of the pandemic. 

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How the coronavirus in the “factory of the world” struck down the global business – part 2

coronavirus

In the first part of the article we examined the effect of the coronavirus COVID-19 in China has on some of the neighbouring countries. In this we will turn our attention to the industries reaching far beyond China.

Since China produces all kinds of goods and components for other goods, the quarantine in Wuhan, which is a significant industrial and transportation hub, as well as the overall transport limitations, inevitably affect the production of almost everything – from smartphones, through automobiles, to medications.

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How the coronavirus in the “factory of the world” struck down the global business – part 1

cronavirus

The 2003 epidemic of the SARS coronavirus made 8098 people ill and killed 774 people in 17 countries, which makes up a 9.6% mortality rate and renders it considerably more deadly than this year’s coronavirus COVID-19 with its 2.8% (for now).

Just like SARS, COVID-19 first appeared in China and then spread globally. Just like SARS, the new coronavirus from Wuhan affects the global economy, but the similarities stop here.

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The Coronavirus: Everything We Know About the New Epidemic and Its Effect on the Global Economy in 2020

Коронавирусът и световните пазари

Source: DeltaStock

Currently, the world is in a state of panic not witnessed since 2003. Back then, a severe acute respiratory syndrome (SARS) infected over 8000 people, caused the death of 774 citizens from 17 countries and went down in human history as “the crimson death”.

Now, amidst an endless stream of TV and social media news regarding the new Chinese virus, a troublesome trend emerges—the panic-inducing idea that the SARS story might repeat itself.

Here’s everything we know about the virus so far.

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Blockchain Technology: What It Is, How It Works, and Why the Corporate World Finds It So Irresistible

Interconnected network in the cyberspace

Source: Pixabay.com

If you haven’t heard the words “blockchain”, “blockchain technology”, and “distributed ledger technology” (DLT), you must have been living under a rock for the past few years.

But most likely you have heard them repeated over and over again, touted as the greatest thing since sliced bread and the solution to all global woes.

Blockchain could do everything—create money, manage assets, transfer money, track the movement of bananas from the small farm in Ecuador to the supermarket, thus ensuring you are eating fair trade bananas, help you rent a car, manage the smart appliances in your home, offer solutions for personal identification and so on, and so forth. 

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