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Coronavirus Set to Dampen China's Economic Growth

From fitchratings.com

The ongoing coronavirus outbreak will dampen economic growth in China this year, but the scale of the impact remains uncertain and will depend on the duration and intensity of the health crisis, says Fitch Ratings. If the government were to launch a large-scale stimulus to offset the effects of the epidemic, it could have an adverse effect on other policy goals such as reducing financial risk. However, we believe that the government is only likely to do so if the economic impact of the virus proves to be substantially larger than the SARS outbreak in 2003. Huge uncertainties remain over the impact of the coronavirus ... (full story)

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  • Category: Fundamental Analysis