Daily updates about the COVID-19 virus are rattling nerves everywhere.
Brace yourselves. We could be in for several months of disquiet. The last viral outbreak to originate in Asia, Severe Acute Respiratory Syndrome, or SARS, lasted roughly six months.
The virus will nip China’s economic growth… S&P Global cut its forecast of 5.7% growth in Chinese gross domestic product to 5%. But the firm cautioned it was less confident in its figures than usual due to continuing uncertainty over the severity of the outbreak. If it drags on, Morgan Stanley analysts expect a cut of as much as 1.1 percentage points in China’s growth.
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