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In this episode of the Stratfor's Essential Geopolitics podcast, Stratfor analysts Ryan Bohl and Adriano Bosoni discuss how the coronavirus outbreak could affect Italy's already fragile economy, as well as the greater economic and trade headwinds facing the European Union.
Between slowed Chinese growth, coronavirus concerns, Brexit uncertainty and U.S. trade tensions, the European Union will struggle to keep the economy of its currency area from further shrinking in 2020.
Finance ministers and central bank governors from the world's 20 largest economies, meeting Feb. 22-23 in Riyadh, Saudi Arabia, discussed the impact of the coronavirus outbreak on global economic growth but expressed little sense of urgency, Reuters reported.