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The smartest people on Wall Street and beyond are struggling to figure out whether the epidemic will lead to shocks in the short term, or whether it is a longer threat that will radically change the lives of millions of people around the world (Photo: Ahmad Nawawi)

What does coronavirus 'Black Swan' mean for markets?

Global stock markets are in a fever. The growing public health crisis around the globe has distressed financial systems and raised concerns that the economy is moving towards a sharp slowdown.

The Black Swan of the coronavirus infection epidemic launched a chain of events in the markets, one of the links of which was a dramatic drop in oil prices.

These events will have a long-term impact on the global economy, requiri...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Elina Morhunova is a European and international business lawyer, and assistant to Lithuanian Renew MEP Petras Austreivicius.

The smartest people on Wall Street and beyond are struggling to figure out whether the epidemic will lead to shocks in the short term, or whether it is a longer threat that will radically change the lives of millions of people around the world (Photo: Ahmad Nawawi)

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Author Bio

Elina Morhunova is a European and international business lawyer, and assistant to Lithuanian Renew MEP Petras Austreivicius.

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