CAPE TOWN – A new report compiled by LearnBonds.com has revealed that the Coronavirus – known to cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome and Severe Acute Respiratory Syndrome , is projected to be the costliest epidemic since 2000.
Data released by the financial publication on Tuesday indicated that by the first quarter of 2020, the virus was expected to have cost China about $62 billion , an equivalent of 2 percent of the country’s gross domestic product . Already the impact on Chinese economic growth prospects has been felt since the virus has led to shutdowns across the country. Based on these calculations the impact on the global GDP might be severe, according to the LearnBonds.com report.
The CoronaVirus has unnerved markets across the world. As the week began commodities took a beating on the JSE as Chinese stocks slid after the Chinese stock market opened following the extension of the Lunar New Year on the escalating uncertainties over the CoronaVirus. The European Centre for Disease Prevention and Control puts CoronaVirus deaths at 427 by Valentine’s Day , while infections were expected to be at 20 626.
Murders in SA during same time 770.. bring the virus we not scared coronavirussepoes
Today I've learned 2 words here: Erstwhile Costliest
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China to provide SA update on Coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Outbreak of the epidemic Coronavirus in the city of Wuhan, Hubei province has attracted global attention including South Africa Great this what we need to hear, not how many people have died and infected. We want facts that will help us put an end to this. Once and for all
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BUSINESS MAVERICK: Coronavirus adds to headwinds battering SA economyThe last thing South Africa needs as it heads into February is to get caught up in the economic ripple effects of China’s coronavirus epidemic. Latest purchasing managers statistics show demand is weaker and the business outlook for the next six months increasingly pessimistic. Add to that a Budget that will be hard-pressed to provide any relief.
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