Coronavirus spread to affect VM2020 campaign: Kenanga

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'The virus would affect the economy to a certain extent, at least in the first half of 2020.'

With the Coronavirus continuing to spread and the Chinese government imposing travel curbs on Wuhan and seven other cities in the country, the virus outbreak is likely to affect the Visit Malaysia 2020 campaign.

It added that barring a full-blown epidemic or a death toll increase at an alarming rate, it is maintaining its forecast of 4.3 percent for this year compared with the official 2020 forecast of 4.8 percent. As of today, the virus has spread to at least nine countries, including Thailand, Japan, Korea, Hong Kong, Taiwan, Macau, Singapore, Vietnam and the US, with 18 deaths recorded.

 

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This could be a drawback until the outbreak is contained.

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