Morgan Stanley says China's first-quarter growth could fall as low as 3.5% due to coronavirus

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Morgan Stanley says China's first-quarter growth could fall as low as 3.5% due to coronavirus
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Chinese health authorities have reported a total of 74,185 confirmed cases and 2,004 cumulative deaths so far.

Manufacturing activities around China have been disrupted as authorities shut down cities in a bid to contain the spread of a new coronavirus, that's believed to have first emerged from the Chinese city of Wuhan.

China's economic growth in the first quarter could fall to as low as 3.5% if the spread of the virus outbreak is not contained fast enough for factory production to resume to normal levels, Morgan Stanley analysts wrote in a Wednesday report.

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