Coronavirus could trim 1 percentage point from China GDP growth: government researcher

SHANGHAI - The coronavirus outbreak could trim China’s full-year economic growth rate by as much as 1 percentage point in 2020, a senior member of a Chinese government think tank said in comments published on Tuesday.

“The impact of this epidemic on the economy in the first quarter is expected to be comparable,” Zeng said in a commentary published in the 21st Century Business Herald newspaper. “But in the short term, the epidemic’s impact on economic activity cannot be ignored, especially with tertiary industries and small enterprises with tight cash flows facing greater pressures,” Zeng said.

During the time of Lunar New Year, the Spring festival of China, a deadly outbreak of the coronavirus has emerged in the city of Wuhan. The question then arises,'What is the coronavirus? How dangerous is it?.' Facts Coronavirus Health Epidemic

More like 10%.

asiffshahzad TheEconomist estimated that it can bring it down to 2% from 6%. Horrible!

Not only china will suffer financially from the impact of novel coronavirus but the result of world. China is the second strongest economy so its export & import will stumble and will influence the world’s economic.

If by 1% you mean like 20%, then I believe you. Pls stop downplaying this virus

should be more than 1 percentage point.

They’re crashing!!!

So, 10’s of millions quarantined and the “experts” tell us it will effect the market by 1%. What a joke. The central banks are just going to have to keep on printing.

I think they knew this

During the time of Lunar New Year, the Spring festival of China, a deadly outbreak of the coronavirus has emerged in the city of Wuhan. The question then arises,'What is the coronavirus? How dangerous is it?.' Facts Coronavirus Health Epidemic

It will be more then 1.5%+ impact but gains for other Asian countries

How could you speculate that much? We're just at the very beginning of the epidemic! no vaccine in sight! no reliable diagnostic kits! frightening lack of knowledge of how the coronavirus spreads... not mentioning its likely mutations... China and global economy is at risk

Perhaps one percent is a very conservative estimate, unless the Corona is stemmed out instantaneously...

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