Tag Archives: global financial crisis

Dr Andy Xie: Three ways the coronavirus could trigger a global financial crisis – and why central bankers are to blame

Dr Andy Xie

In his most recent SCMP article, Dr Andy Xie details how the coronavirus (COVID-19) could trigger a global financial crisis. Dr Xie talked about the most vulnerable industries: tourism-related companies, commercial real estate sector and residential property market. He also discussed how cutting interest rates will not help these sectors, but it will boost speculation. […]