ADThe deadly coronavirus presents a threat to the global economy, as it paralyzes China’s workforce and dampens its powerful manufacturing industry. Oil prices are expected to decline further due to a slowdown in demand from the economic implications of the coronavirus. ADU.S. economic growth dropped to its slowest pace since 2016 in 2019, the Commerce Department reported Thursday. But their success was not enough to rescue markets from Friday’s plunge over fears that the coronavirus was rapidly spreading across the planet. Caterpillar, a bellwether for the global economy, beat earnings estimates but reported an 8 percent decline in revenue year-over-year, citing “global economic uncertainty.” Its shares were down 3 percent.

Source: Washington Post January 31, 2020 15:04 UTC