WATCH: China Virus Could Affect Global Outlook

Alan Penny

24 January 2020

1 min read


Virus outbreak spreading

The deadly virus outbreak that is sweeping China may well affect the global economy. China, which is the world’s second-largest economy, has put a lockdown on people entering or exiting two further cities near the epicentre of the virus.

Chinese Lunar New Year

This has certainly dampened consumerism, which usually surrounds the run-up to the Chinese Lunar New Year. And, of course, travel between cities will be greatly curtailed.

So far, there have been 17 deaths as a result of the coronavirus, and this surge in cases has led to a sharp decline in the Shanghai Composite and other Asian markets.

The US has now confirmed its first reported case of the virus, and there are possible cases in the UK.

Written By
Alan Penny

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