Retailers are already struggling  because of novel coronavirus, markets expert Michael Hewson has told CGTN.

In response to whether the coronavirus was used as an excuse by some companies to hide their own issues, Hewson, Chief Market Analyst at CMC said that even before the coronavirus became a problem in January, European economies were starting to see a slowdown. 

He also noted that over the past two or three years, they blamed Brexit for some of their structural problems.