BloombergThe global cost of the novel coronavirus (2019-nCoV) outbreak could be three or four times that of the 2003 SARS outbreak, which sapped the world’s economy by US$40 billion, the economist who calculated that figure said. “Most of the GDP loss that we saw in the SARS model, and in reality, was China slowing down. Nomura International forecast that the negative effects on China’s growth could exceed those seen during the SARS outbreak. “Back in 2003, China accounted for just 4 percent of global GDP. That means the global spillover if China’s growth slumps will be larger,” Bloomberg economists Chang Shu (舒暢), Jamie Rush and Tom Orlik said.

Source: Taipei Times January 31, 2020 15:56 UTC