Conventional wisdom has long dictated that if the American ecomomy sneezes, the rest of the world catches a cold. Now though, it is a very real, physical affliction which has brought China to its knees that threatens to derail the global economy.
As the 'world's factory' remains closed. we are beginning to see the effects on supply chains around the world, representing a clear and present danger to global growth.
Mr Speth also warned sales in China - which had been key to the firm's recent resurgence - have "completely stopped". www.bbc.com/...