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DubaiThe coronavirus outbreak and its economic impact threatens to plunge the global economy into recession if the uncertainty continues beyond the second quarter.At economic powerhouse China, where the Covid-19 originated earlier this year, early indications of the impact on the economy are worse than initially forecast. “Surveys of China’s manufacturing and services sector plunged to record lows in February; automobile sales sank a record 80 per cent; and China’s exports fell 17.2 per cent in January and February,” according to a report by Centre for Strategic and International Studies (CSIS…
