Markets and Airfares see correction. What should you do?

The fear of not being able to eliminate the Coronavirus has spooked global equity markets, including India. China’s GDP is expected to decelerate by 1-1.25 percentage points over 2020 due to halting of economic activities in key production centres. This is expected to curtail discretionary expenditure on travel and other things, which will impact global growth. This can further be confirmed by the fact that many airlines have cancelled flights to affected countries and airfares have been slashed considerably. On this episode of Why Not Mint Money, Mint's Disha Sanghvi helps you understand why the markets are fearful and how you should deal with the current situation in terms of your investments and travel plans