Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?
With the coronavirus spreading around, in my opionion there is a really high chance for a world wide recession coming up. Stock markets already got a huge shaken out yesterday when everything plumed down more than 4%. It all depends on how fast the world can get control of the new virus and how much it will have impact on the industries.