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Economic impact of coronavirus outbreak likely to eclipse SARS crisis


Scientist

Economic impact of coronavirus outbreak likely to eclipse SARS crisis

Health 3 February 2020 By Adam Vaughan The effects of coronavirus are impacting the Shanghai Stock ExchangeYifan Ding/GettyThe 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…

Economic impact of coronavirus outbreak likely to eclipse SARS crisis


Health



3 February 2020

By Adam Vaughan

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 …

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