Blip or bust: coronavirus economic impact still in doubtGraphs of stock markets around the world which have fallen sharply during the last week on concerns over the economic impacts of the coronavirus spread. Stock markets held up fairly well in the first weeks of the coronavirus outbreak in China, but fell sharply when a large number of cases were reported in Italy. That is certain to affect other countries, so Swiss bank Credit Suisse has trimmed its 2020 global growth forecast by 0.2%age points to 2.2%. "There will be quarantines or cities blocked, and that means less economic activity and more ruptures in supply chains," she added. "The hypothesis of a quick rebound" in the global economy has been discounted, said Christian Parisot.

Source: Bangkok Post March 01, 2020 03:45 UTC