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	184,174.49 344.20M	1.01% 1836.37
ALLSHR	110,725.47 802.30M	1.02% 1116.66
KSE30	56,462.88 128.04M	0.96% 535.72
KMI30	261,050.23 116.63M	1.37% 3522.37
KMIALLSHR	71,230.99 382.91M	1.23% 862.76
BKTi	53,229.04 40.62M	1.01% 532.20
OGTi	38,590.42 18.06M	1.28% 488.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,560.00	84,945.00 81,210.00	160.00 0.19%
BRENT CRUDE	69.83	70.21 67.79	0.24 0.34%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-0.90 -0.99%
ROTTERDAM COAL MONTHLY	103.70	103.70 99.40	4.90 4.96%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.74	66.11 63.64	0.32 0.49%
SUGAR #11 WORLD	14.26	14.71 14.15	-0.44 -2.99%