Brace yourselves

摘要

Markets appeared to have steadied as Building went to press - the day after Black Monday had wiped £120bn off the value of major UK companies, the worst day for the FTSE 100 since 2008. But nervousness remains as everyone tries to second guess the impact of the coronavirus crisis on the global economy. UK businesses are grappling with a fast-changing situation. A snapshot from this week reveals that there are 110,000 cases of Covid-19 in 110 countries, with the World Health Organisation saying it is close to becoming a pandemic - although it can still be contained.