The deadly virus sweeping across China could slash its economic growth, S&P warns - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The deadly virus sweeping across China could slash its economic growth, S&P warns

"It's potentially huge," Neil Wilson, chief market analyst of Markets.com, told Business Insider. "We simply don't know what the impact or even the potential impact could be. We only have SARS in 2003 to base assumptions on."

China's real GDP growth slowed from 11.1% in the first quarter of 2003 to 9.1% in the second quarter, suggesting SARS had an impact of about 2 percentage points,Stock markets largely shrugged off the virus fears on Friday. Investors cheered ECB boss Christine Lagarde's plan to keep interest rates at current levels or below until inflation nears 2%, and maintain the bank's bond purchases until shortly before rates normalize.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'Experts fear a pandemic that wipes half the people off the planet may not be good for economic growth' I bet this headline will happen in my lifetime 😄

vs for Now...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Yum China CEO reveals why the company is tackling delivery in a completely different way from its rivalsYum China CEO Joey Wat told Business Insider why the brand refuses to outsource its delivery business to third parties.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan virus: Flight attendant union says airlines need more precautions - Business InsiderThe American Airlines flight attendant union is calling on US airlines to step up precautions for the deadly Wuhan coronavirus
Source: BusinessInsider - 🏆 729. / 51 Read more »