Coronavirus to slow down Chinese economy’s growth prospects: S&P

MG News | February 07, 2020 at 10:44 AM GMT+05:00

0:00

February 7, 2020 (MLN): The novel coronavirus, which has been spreading in China like a wildfire, has taken a serious toll on the country’s people and economy.

According to a report by S&P, the economy of China is now expected to grow by 5% in 2020, as opposed to previous anticipation wherein the growth outlook was expected to be 5.7%.

The report suggests that most of the impact of the virus will be realized in the first quarter, with some recovery likely to be felt in the third quarter.

Nonetheless, the growth of China’s economy is likely to be recorded at 6.4% in the next year, as opposed to previous forecast of 5.6%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,677.70 295.62M	0.79% 1304.39
ALLSHR	100,309.12 590.21M	0.65% 649.40
KSE30	50,855.17 184.12M	0.72% 361.13
KMI30	239,315.92 162.68M	0.94% 2217.63
KMIALLSHR	65,437.31 338.54M	0.87% 565.13
BKTi	45,391.23 48.89M	0.60% 270.74
OGTi	32,857.06 26.79M	1.29% 418.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,500.00	93,590.00 90,590.00	1145.00 1.27%
BRENT CRUDE	62.32	63.39 62.12	-0.55 -0.87%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	-0.10 -0.12%
ROTTERDAM COAL MONTHLY	96.40	0.00 0.00	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.48	59.64 58.27	-0.17 -0.29%
SUGAR #11 WORLD	15.21	15.29 15.08	0.07 0.46%