The virus outbreak in China has put South Korea’s economy into an “emergency situation,” its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe. As many Chinese finally go back to work after their longest Lunar New Year holiday ever, the economic fallout from the outbreak that began in the central city of Wuhan may be just beginning. Companies are warning their bottom lines will take a hit, and governments are ramping up stimulus measures for economies that just weeks ago were hoping to see recoveries after months of uncertainty due to trade tensions and slowing global growth. “Emergency situations require emergency measures,” South Korean President Moon Jae-in said Tuesday, calling for aggressive action to support companies dependent on trade with China and encourage consumers to spend more. “The current situation is very serious, even more […]