Economic impact of coronavirus outbreak likely to eclipse SARS crisis

By | February 3, 2020
Shanghai stock exchange

The effects of coronavirus are impacting the Shanghai Stock Exchange

Yifan Ding/Getty

The economic shock waves of the Wuhan coronavirus look likely to eclipse the 2003 SARS crisis, as shares in China fell dramatically and analysts downgraded their forecasts for the country’s growth.

The Shanghai Composite Index fell by 8 per cent today, the largest daily drop for more than four years, despite China’s central bank saying yesterday it would inject $ 174 billion worth of liquidity into markets.

As the number of coronavirus infections in China climbed to more than 14,000, UK-based analysts Oxford Economics today cut …

New Scientist – Health