Is the New Coronavirus the Black Swan of 2020?

The economic impact of the fast-spreading virus may be worldwide

Chinese travelers wear protective masks as they wait before boarding a train before the annual Spring Festival at a Beijing railway station on Jan. 23, 2020. Kevin Frayer/Getty Images

Commentary

Is it too early to start thinking about how the global outbreak of the new coronavirus will affect the world’s economy? With the Dow Jones Industrial Average falling 454 points—a 1.6 percent decline—on Jan. 27, it’s reasonable to think that more disruptions could be on the way.