The coronavirus outbreak could trim China’s full-year economic growth rate by as much as 1 percentage point in 2020: government researcher For the latest developments around the new coronavirus outbreak, follow Reuters liveblog:
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.
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