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The global economy was rocking on a precipice – the coronavirus pushed it over
A nasty virus, a slow response, ill-conceived economic policies, an irresponsible price war – all contribute to a fear-driven market collapse, argues ZOLTAN ZIGEDY

TO UNDERSTAND the global economic chaos endured over the last few weeks, it is essential to separate the proximate from the ultimate cause. 

The immediate or proximate cause is the, often fatal, expanding contagion of the coronavirus (Covid-19). 

The collapse of worldwide equity markets has been an immediate and widely noted effect of this proximate cause. 

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