China's GDP growth is expected to fall from six percent last year to 5.4 percent in 2020 due to the spread of the COVID-19 virus, said the latest report by Oxford Economics.
<p dir="auto">It has modeled two scenarios on the coronavirus outbreak morphing into pandemic. Under the first scenario, if it spreads more widely in Asia, world GDP would fall by $400 billion this year, or 0.5 percent. The second scenario foresees the global GDP dropping $1.1 trillion or 1.3 percent, if the virus outbreak becomes a pandemic and a disruption to manufacturing in Asia spreads worldwide. Such a decline would be the same as losing the entire annual output of Indonesia, which is the world's 16th largest economy. <p dir="auto"><div>(Image not shown due to low ratings)<br /><code><br /><br /><em><p dir="auto"><p dir="auto"><p dir="auto"><a href="https://www.rt.com/business/481274-coronavirus-global-economy-losses/" target="_blank" rel="nofollow noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><br /><p dir="auto"><br /><br />Images were hidden due to low ratings.
This is really a bad thing to happen to humanity, I hope that it would get some solution, but it is a virus, it is airborne, and it mutates quickly, we all must prepare.