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China’s economy gets economists’ downgrades

Beijing: The outbreak of the coronavirus and China’s efforts to stop its spread mean economists are again revising their estimates for output this quarter, with the median forecast for year-on-year growth to be 4.0%, the weakest in 30 years.


Confirmed Coronavirus may force Americans to avoid crowds and cancel cruises; U.S. cases near 550

WASHINGTON/NEW YORK (Reuters) - Older Americans, especially those with chronic medical concerns, should probably avoid big social gatherings and airline flights, given the rapid spread of coronavirus, a top U.S. health official said on Sunday, as investors braced for another volatile week in financial markets.