SARS was brief, but also bad
China has locked down several cities in an attempt to contain the mysterious coronavirus, with roughly 30 million people restricted from travelling on the eve of Lunar New Year. The coronavirus is comparable to SARS, which broke out in late 2002, killed almost 800 people and had a profound impact on the economy. Chinese retail sales growth, for example, slumped. While the impact was relatively brief, with economic data improving quickly, it was sizeable. The World Health Organization has refrained from calling the coronavirus outbreak a global health emergency, implying that its further spread can still be contained. But with 400 million Chinese people planning to travel for the new year, this could prove challenging. A temporary dent in the gradual recovery of the global and Chinese economy has become more likely.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
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