Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Passengers wear protective face masks at the departure hall of the high speed train station in Hong Kong, Thursday, Jan. 23, 2020. China closed off a city of more than 11 million people Thursday, halting transportation and warning against public gatherings, to try to stop the spread of a deadly new virus that has sickened hundreds and spread to other cities and countries in the Lunar New Year travel rush.Goldman Sachs predicts Wuhan coronavirus will cut US economic growth by 0.

The bank's economists warned growth would suffer from declines in Chinese tourism to the US and American exports to China.Wuhan coronavirus has infected nearly 10,000 people, killed 213 people, and spread to at least 20 countries.The banking titan's chief economist, Jan Hatzius, and his team predicted the fast-spreading virus would slow US growth by 0.4 percentage points this quarter. Goldman's previous growth forecast for the quarter was 2%.

The analysts also cautioned the economy could be hit harder if news coverage of the virus discourages people from travelling, commuting, and shopping, or worsens financial conditions for a prolonged period.

bkfViking123 Bullish

Scaremongering as usual, nothing new to see here.

Not according to Dr. Wilbur Ross. The Good Doctor sez Coronavirus is GOOD for us.💉

Naw❌ Trump’s impeachment already did that lol

Not this quarter should be this year- whole year!

United States United States Latest News, United States United States Headlines

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

Oil falls on spread of Wuhan virus, U.S. oil-stocks buildOil prices fell on Thursday as alarm spread over the economic impact of the Wuha... Heal them This virus if potent can obliterate sizeable chunk of human species like plague did in middle centuries. These viruses are the result of biological warfare experiments. Deadly viruses are bottled in various labs by military of diff countries. Really what has that to do with Coronavirus
Source: Reuters - 🏆 2. / 97 Read more »

Wuhan coronavirus: Videos inside evacuation flight back to US - Business InsiderVideo shows what it was like on the plane evacuating US citizens out of Wuhan, as one passenger describes doing the Mexican wave to pass time
Source: BusinessInsider - 🏆 729. / 51 Read more »