(11 February 2020, The Age, Business, p24, Stephen Bartholomeusz)
Baltic Dry Index (Bloomberg)
‘If you want to track the damage being done to global economic activity and growth by the coronavirus, just keep an eye on commodity prices and declarations of force majeure by Chinese companies. Both are showing increasing signs of the stress. With one of China’s major manufacturing centres and transport and logistics hubs locked down and nearly 40,000 people in China already infected, the virus is having an increasingly more chilling effect on economic activity there.’
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