However, S&P Ratings said that when compared with the severe acute respiratory syndrome (SARS), this new coronavirus seems to be more infectious but less severe.
KUALA LUMPUR: S&P Global Ratings expects the coronavirus outbreak to impact China's economic growth the most in the first quarter of this year and estimates GDP growth to fall to 5% as the death toll reached 636 on Friday with 73 more deaths recorded the previous day.
"Most of the economic impact of coronavirus will be felt in the first quarter, and China's recovery will be firmly in place by the third quarter of this year," said Shaun Roache, the Asia-Pacific chief economist for S&P Global Ratings.
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