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Coronavirus could erase $211 billion from Asia-Pacific economies: S&P

Coronavirus could erase $211 billion from Asia-Pacific economies: S&P

Friday, March 6, 2020, 4:27 PM

A fast spreading coronavirus outbreak could knock $211 billion off the combined economies of the Asia-Pacific, with Japan, Hong Kong, Singapore and Australia among the most exposed, S&P Global Ratings said on Friday. S&P cut its 2020 growth forecast for China to 4.8% from previous estimate of 5.7%. It forecast Australian growth to slow sharply to 1.2% from an already below-trend 2.2% in 2019.
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