Virus poses new threat to world economyTourists wear protective masks while strolling in Bangkok's Ratchaprasong shopping district on Tuesday. That’ll dent economies reliant on Chinese demand, with Bloomberg Economics saying Asian neighbours and commodity exporters face the biggest hit. "The extent and duration of this negative shock to regional economic growth will depend on how quickly the Wuhan virus epidemic can be brought under control." Australia’s tourism and consumption industries, already reeling from wildfires that drove overseas visitors to cancel trips, are set for a follow-up hit from the virus. "It will have an effect on the Australian economy," said Peter Costello, head of Australia’s sovereign wealth fund and treasurer from 1996-2007.

Source: Bangkok Post January 28, 2020 09:56 UTC