Coronavirus (Covid-19) pandemic has created a global economic tsunami, warns Moody’s Analytics, given how rapidly the virus has spread across countries and has forced lockdowns.

China’s experience with COVID-19, Moody’s Analytics said, demonstrates the economic devastation the disease brings to an economy. "The economic tsunami that hit China and much of Asia earlier in the year and hit Europe a few weeks ago is now slamming the US economy as more parts of the country require nonessential businesses to shut down. This sudden stop in the economy is unprecedented. ...