Virus poses new threat to world economy’s fragile stabilisation

Rajiv Biswas Markit

HONG KONG: The outbreak of the deadly coronavirus threatens to derail a fragile stabilisation in the world economy, which had appeared poised to benefit from the phase one US-China trade deal, and signs of a tech turnaround.

While it’s too early to assess the full impact on China, where national holidays have been extended and the central city of Wuhan has been locked down, it’s already clear the virus is hurting consumption and tourism.