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Moody's: PRC Econ to Dented by Epidemic; 2020 Growth Forecast Cut to 5.2%
Moody's lowered China's 2020 economic growth forecast from 5.8% to 5.2% given the novel coronavirus outbreak, which will exert pressure on growth in Asia Pacific regions es...
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Moody's: PRC Econ to Dented by Epidemic; 2020 Growth Forecast Cut to 5.2%
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2020/02/18 16:34
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Moody's lowered China's 2020 economic growth forecast from 5.8% to 5.2% given the novel coronavirus outbreak, which will exert pressure on growth in Asia Pacific regions especially through trade and tourism. The epidemic will also affect other industries through supply chain disruptions.

The baseline assumption is that the economic impact from the virus outbreak will last for a few of weeks before tapering off and allowing a resumption of normal economic activities.
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