Although its health impact outside China has so far been minimal, Wuhan flu is clearly biggest risk to China’s growth this yr, & main source of risk for mkts. It’s also fast-moving target, so anything written about it today likely to be out of date by tomorrow, GK’s Kroeber says. pic.twitter.com/G1JXE4oVXG
— Holger Zschaepitz (@Schuldensuehner) February 4, 2020
This corona charts sure looks scary t.co/F3MAsyoFxO
— The Market Ear (@themarketear) February 4, 2020
Is that bad. t.co/kd75Ajq92d
— Carl Quintanilla (@carlquintanilla) February 4, 2020
Economists are scrambling to cut their forecasts for China's first-quarter GDP on the coronavirus outbreak.
— Tracy Alloway (@tracyalloway) February 4, 2020
The government has already made clear that state intervention is on the table. The central bank on Monday said it would inject billions of dollars into the financial system by buying short term bonds to help keep bank lending flowing.
Former Fed chair Yellen addressed the coronavirus epidemic Tuesday, saying the uncertainty around what will happen and whether it will be contained poses a “risk to the global outlook.”
But Kudlow said that the Trump administration still projects “minimal impact” from the coronavirus.