Another consideration is that to calculate the extent of the epidemic’s impact, one would also have to guess China’s attitudes, determination and capabilities. Uncertainty is a major bane of economic development, and China and the virus are both unpredictable variables. Collapsed bridges, houses and so on that were built in the past do not count toward the current year’s GDP. Post-disaster reconstruction can sometimes spur economic growth, while delayed consumption can often make up for a temporary decline in demand. The losses that can potentially arise from disasters provide an important rationale for expanding the nation’s disease-prevention and control capabilities.

Source: Taipei Times February 21, 2020 15:56 UTC