World markets slump as recession fears eclipse stimulus

STOCK EXCHANGE. Traders work on the floor at the opening bell of the Dow Jones Industrial Average at the New York Stock Exchange on March 18, 2020. Photo by Bryan R. Smith/AFP

against economic havoc unleashed by the coronavirus, as the European Union shuts its borders to travelers from outside for 30 days.will likely plunge into recession – which means a minimum of two successive quarters of economic contraction. "Hence, there is already a massive shock in activity and demand, which almost guarantees a worldwide recession regardless of the measures taken by central banks and governments," Ozkardeskaya added.

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It's no longer a question of if but how much the recession effect will reach. As everybody isn't able to buy or worse work to earn, people most vulnerable willloe their job or likelihood.

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