Will coronavirus outbreak paralyze global economy?

Will coronavirus outbreak paralyze global economy?


China accounts for almost 1/5 of global
GDP naturally there’s growing concerns of the Cova 19th impact on the global
economy to find out the extent and duration of the damage our kim dami
talked to some experts here’s the first installment of our special three-part
series China has set an ambitious 6 percent GDP growth target for 2020 but
the coronavirus will make it hard to reach the goal
the virus is expected to have a bigger impact than the SARS outbreak in 2003
which killed 800 people worldwide and has shaved almost one person off China’s
growth when compared with the SARS crisis the economic impact from the
corona virus outbreak will be sharper and deeper China’s economy has grown
four times bigger since then making up almost 18 percent of the global economy
and it’s not just at China’s problem China has a growing faster than any
major economy to become the world’s second-biggest by GDP and there’s a
China is a key part of a range of global supply chains the outbreak will have a
knock-on effect worldwide with those countries are more reliant on China
feeling even more of an impact the world the biggest smartphone chip maker call
come cautioned that the outbreak was a causing significant uncertainty over
demand for smartphones as well as the supplies and needed to produce them the
travel and tourism industry is also among the most vulnerable nearly six
million people from China visited South Korea last year but data shows that the
country could lose a a large number of those tourists Buddhist has a lord as
far as a GDP growth forecast once again from 2.1 to 1.9 percent
Singapore’s a trend ministry on Monday also cut its a GDP forecast for this
year due to the outbreak but where the major businesses across China gradually
resuming operation some believe in a v-shaped impact like this orange crisis
in other words sharp decline in economic activities in China followed by rapid
recovery and a total impact on China relatively contained therefore impact on
the world economy also contained a rebound after a short sharp economic
shock is possible under certain circumstances major businesses and
factories across China need to resume operation under the Chinese government’s
systemic economic policies and containment measures most importantly
the spread of the virus needs to stop the IMF chief has also warned that the
corner of ours Africa could drag down the global economy and with
uncertainties over the situation in China g20 finance ministers and central
bankers will gather in Saudi Arabia this week to discuss the possible cost of the
outbreak kim dami arirang news

You May Also Like

About the Author: Oren Garnes

28 Comments

  1. This is the reason why China is hiding the truth on the Coronavirus. They think the world doesnt know, how devastating this virus is having on thier country. Money b4 life in china, that threatens the world.

  2. Damage has been done.!! Disrespecting and Dishonoring the Command of the MONGOL KHAN will have Deadly consequences indeed.!! It will take time.!! Gathering in Criminal Kingdom of Al Saud to discuss the real cause of the Virus? >>lol<< .!! Interesting Mushreekens have lost their Brain trying to control Virus of Corruption is worst than a corona Virus has become a ticking Time Bomb for those Humans who declared Humans are GODS on Earth.!! Enjoy the show.! Tic Stick Tok.! It will get more interesting.!! Race against Time.!! Life Vs Death.!! ~ ~ Distance between Sun and Moon Calculated precisely moves.!! Timing matters, Not Time.!!

  3. i hope chinese economy crash to the bottom, on the other hand USA economy will remain strong under Trump. 🙏🙏🙏

  4. Can’t believe stock market is trusting CCP numbers. Look at their actions! Entire country is on lockdown! The disease can’t be stopped

  5. So stop depending on China , find alternative solutions, or bring jobs Back Home🌼🌼🌼🌺🌺🌺Let’s makes American great Again

  6. China is the richest country in the world, everything in the US comes from China including 99% of our medicine, however, all merchandise coming from all of Asia should be quarantined for at least 1 month because the virus remains on surfaces of objects for an ambiguous period of time.

  7. China 🇨🇳 should pay 💰 for the cause of Covid-19 to spread around the world 🌎, they’re negligence of not reporting it early and covering the true numbers of those affected. 👎🏿🇨🇳🐀🇨🇳🦇🇨🇳🤢🇨🇳🤮🇨🇳💨🇨🇳👿🇨🇳

  8. What nobody realizes is the planet can only support 6 billion people and there's 7.5 billion people living today and only growing even faster.

    The governments around the world want this virus to spread we have to kill off 1.5 billion people.

    If we want People to continue to live on the Earth.

Leave a Reply

Your email address will not be published. Required fields are marked *