The disruption of coronavirus
Beyond the obvious health implications and concerns arising from
the outbreak and spread of Coronavirus (COVID-19), the economic
impacts of it are becoming increasingly apparent, and felt, as each
day passes. An example of this is the Reserve Bank of Australia
slashing interest rates to an unprecedented low of 0.5 percent, at
least in part to counter the expected economic downturn arising
from the outbreak.
These impacts are already leading to challenges for financiers
and their borrowers arising from the disruption being caused to
workforces, service providers, supply chains and customers. It is
apparent that businesses can expect disruption for months to
come.
