Medical staff members carry a patient into the Jinyintan hospital, where patients infected by a mysterious SARS-like virus are being treated, in Wuhan in China's central Hubei province January 18, 2020. — AFP pic
Kenanga in its research note today said the immediate concern is that the virus may spread fast, helped by the heightened travelling activities during the Lunar New Year, with the impact on tourist arrivals from China and elsewhere enough to affect VM2020.
“Given the acceleration in the pace of the spread of the virus, especially due to heightened travelling activities during the Lunar New Year holidays, we foresee an elevated level of worries among consumers, potentially resulting in some adverse spillover to the economy,” it said. In 2003, the SARS outbreak seeped into the economy mainly through the confidence and demand channels, with the adverse impact materialising in late March and lasting until end-May, after which it gradually abated.
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