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On the Verge of Catastrophe: Bloomberg New Economy

Photographer: Oscar Del Pozo/AFP/Getty Images

The potentially lethal consequences of a U.S.-China rift became apparent this week when a Group of Seven meeting to coordinate a global response ended without a joint statement. This was because U.S. Secretary of State Mike Pompeo insisted on using the term “Wuhan virus” to describe the pandemic—in contravention of World Health Organization naming guidelines aimed at avoiding stigma. (His boss had been condemned for repeatedly using the racially charged term “Chinese virus.”)

This is arguably a moment for concerted global action, rather than political posturing, as Covid-19 heads toward the new economy’s most vulnerable populations.