The last time we had something like this (SARS), the public and business reaction wasn’t as extreme. Business ReactionThe business reaction is more worrisome. In the end, there is no doubt that the over-reaction to the coronavirus is going to impact economic activity. I’ve seen various estimates for China, all the way from mild (Q1 GDP growth of 5.9%) to severe (Q1 GDP growth of 2.0%; this latter from The Economist). The real finesse issue is what the impact of business reaction will be on the already weak world and U.S. economies.

Source: Forbes February 02, 2020 22:18 UTC