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Coronavirus: Just a body blow, or a black swan for the economy? | Opinion

COVID-19 came out of nowhere. It may be what economists call a black swan — a rare and inherently unforeseeable event with severe consequences.

Workers wearing protective suits spray disinfectant as a precaution against the coronavirus at a market in Bupyeong, South Korea, Monday, Feb. 24, 2020. South Korea reported another large jump in new virus cases Monday a day after the the president called for "unprecedented, powerful" steps to combat the outbreak that is increasingly confounding attempts to stop the spread. (Lee Jong-chul/Newsis via AP)
Workers wearing protective suits spray disinfectant as a precaution against the coronavirus at a market in Bupyeong, South Korea, Monday, Feb. 24, 2020. South Korea reported another large jump in new virus cases Monday a day after the the president called for "unprecedented, powerful" steps to combat the outbreak that is increasingly confounding attempts to stop the spread. (Lee Jong-chul/Newsis via AP)Read moreLee Jong-chul / AP
    by Mark Zandi | Columnist, For The Inquirer
    Published