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Regular-article-logo Wednesday, 08 May 2024

Drag on global GDP because of coronavirus outbreak

Coronavirus is having a considerable impact on the Chinese economy

PTI New Delhi Published 20.02.20, 07:28 PM
A medical worker records down a patient's condition at Jinyintan Hospital designated for coronavirus infected patients, in Wuhan, China.

A medical worker records down a patient's condition at Jinyintan Hospital designated for coronavirus infected patients, in Wuhan, China. (AP photo)

The cascading effect of the coronavirus epidemic might cause a drag of about a percentage point on global GDP growth, if the containment is delayed beyond June, a report said in Thursday.

According to the report by Dun & Bradstreet, the outbreak of coronavirus is already having a considerable impact on the Chinese economy, and its implications will increase for global businesses with operations or suppliers in the region.

On January 30, the World Health Organisation (WHO) declared the coronavirus (Covid-19) outbreak a global health emergency.

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