tools such as open market operations standing lending to sue its refinancing and re discounting norman lewis is a technology and business trends consultant he told us that the market volatility is likely to be short lived. as a say i think it will sting which between the short term and what will happen in there in the long term we've adopted this kind of doomsday scenario planning and what we don't recognize is that even within this crisis they will be enormous areas of growth i think the impact on the pharmaceutical industry is going to be huge now in terms of all of the russian antivirus i think that has sent this of the economy that can take advantage of the shutdown like retail food for example online digital services now are going to boom as people you know lock themselves up and so it's 'd it's not going to be a one way street it's on eat them and that's why i think it's difficult to predict exactly what's going to happen but i think you can say with a certain amount of certainty that the short term impact will be no i'm not sure how big that they definitely will be a negative impact.

what to get more reaction on this we're crossing live now to dr norman lewis he's a technology consultant and business trends unless welcome to the program i mean i want to tell us china today accounts for about one thought of global economic growth that's more than the u.s. japan and europe combined is it an exaggeration to say that the knock on effects could be devastating. i think it's an exaggeration to say it can be devastating i mean the difficulty with the at this always is you know how long is a piece of string it's know it's absolutely sure and certain that in the short term this is going to impact the world economy it's no question about the previous example expressions of these things like what happened in 2003. you know what is now the economy will recover and that i think in the long. virus can be contained i think the speed at which an anti virus is being developed is unprecedented the steps that are being taken are rational insofar as you're trying to spread the spread of people moving which is one of the virus is spreading and so the actions that are taking are going to ha