U.S. officials will have a better idea of how the coronavirus outbreak will impact the economy in 'three or four weeks,' U.S. Treasury Secretary Steven Mnuchin said on Sunday.
In a major study on COVID-19 published this week, Chinese researchers estimated the death rate of the coronavirus was 2.3%, with the elderly and people who had pre-existing health conditions most at risk.
Steven Mnuchin, U.S. Treasury secretary, speaking at the World Economic Forum in Davos, Switzerland, January 23, 2020.U.S. officials will have a better idea of how the coronavirus outbreak will impact the economy in "three or four weeks," U.S. Treasury Secretary Steven Mnuchin said Sunday. "Although the rate the virus spreads at is quite significant, the mortality rate is quite small. It's something we're monitoring carefully, one of the discussions we're having here is that countries should be prepared, but I think we're at a point where it's too early to either say this is very concerning or it's not concerning."
"I think based upon everything we see now this will be manageable, but the situation can change. As I said, the good news is in another three or four weeks we'll have much better data," he told CNBC.
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