The world is panicking over the coronavirus. China, South Korea, and now Italy are practically shutting down–closing factories and businesses, cancelling sporting events and other large gatherings, restricting travel–in an attempt to limit the spread of the disease. The American economy–so interconnected with that of the rest of the world–is being pulled down, with the stock market plunging, global businesses hit by the loss of production and markets, and uncertainty halting investments.
Some people are predicting the end of the world, practically. Others are insisting that the coronavirus is over-hyped and that the fears are unwarranted.