Coronavirus outbreak poses risk to U.S. Fed's economic outlook


  • World
  • Thursday, 30 Jan 2020

FILE PHOTO: Members of the Thai Airways crew prepare themselves before disinfecting the cabin of an aircraft of the national carrier during a procedure to prevent the spread of the coronavirus at Bangkok's Suvarnabhumi International Airport, Thailand, January 28. REUTERS/Athit Perawongmetha/File Photo

SAN FRANCISCO/WASHINGTON (Reuters) - The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China's economic growth at least in the near term and could hurt its trading partners around the world.

The potential effects of the spread of the coronavirus, which has sickened more than 6,000, mostly in China, and killed 133 since its detection early last month, took centre stage in U.S. Federal Reserve Chair Jerome Powell's news conference on Wednesday following the central bank's widely expected decision to keep interest rates unchanged.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

New Zealand PM Luxon calls November 7 poll, promises economic prosperity
Chile’s Kast names Quiroz finance minister, taps Pinochet defenders for cabinet
Mugshots, binder clip and Hells Angels feature in Trump's one-year anniversary remarks
2nd LD Writethru: Two train accidents in northeastern Spain kill one, injure at least 20
1st LD: Two separate trains derail in Spain, killing one, injuring at least 20
Japan court to rule in trial of man charged with killing ex-PM Abe
Urgent: Two separate trains derail in Spain, killing one, injuring at least 20
Flash: Monday train derailment near Barcelona in Spain's Catalonia region causes one death: media
Urgent: Two separate trains derail in Spain, injuring at least 20 people: media
Commuter train derails near Barcelona, 15 injured - police

Others Also Read