AMSTERDAM (Reuters) – The coronavirus outbreak is likely to have a bigger effect on the world economy than the outbreak of Severe Acute Respiratory Syndrome (SARS) some 20 years ago, European Central Bank governing council member Klaas Knot said on Thursday.
“Although it is still too early to accurately measure the impact of this pandemic, it is safe to say that the hit to the global economy will be more severe”, Knot said at a speech in Amsterdam.
“SARS sent ripples across the global economy, wiping $40 billion off world equity markets. But since the SARS outbreak, China has grown from the world’s sixth largest economy, to the second biggest.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source : Reuters Link