According to the report from Sentix, the global spread of the new coronavirus is plunging the world economy into recession. The global economic overall index falls from +8.1 to -12 points. Never before have economic data from sentix collapsed so sharply in all regions of the world within a month.

In Euroland, the overall index fell by 22.3 points, to -17.1 points. This is the sharpest fall within one month since the survey began. While the collapse of the situation values is hardly surprising and, at -18.3 points, probably corresponds to the extent that people are already feeling the effects, the fall in the expected values to the lowest value since August 2012 is a negative surprise. After all, this means nothing other than that investors are preparing for a long period of economic weakness.

The same picture also dominates globally. The Asia ex-Japan region is falling back into recession, as are Europe and Japan. In the USA the situation is better due to the previously very robust situation, but here too a downturn is expected.