What is the definition of 'pandemic' used?<p>If we take the definition as being "an epidemic occurring worldwide" [1] then it is still arguable whether a coronavirus pandemic has started just yet since there is no reported cases of local transmission in Africa and in South America.<p>The definition of the term is crucial to discuss Moody's report, or just to have any discussion on the topic, and it seems a bit light that the article's author only brushes on it at the very end of the article, and uses a definition slightly different than the above ("global spread").<p>[1] <a href="https://www.who.int/bulletin/volumes/89/7/11-088815/en/" rel="nofollow">https://www.who.int/bulletin/volumes/89/7/11-088815/en/</a>
No one knows. It might be mildly irresponsible of Moody's to hazard a guess, but the author's contention that that guess is obviously wildly low is just silly.