How frightened should you be about the coronavirus? I'm no epidemiologist, but what I've seen looks pretty scary. It doesn't help that the Trump administration, as part of its general war against science and expertise, has seriously reduced America's capacity to respond if we do face a pandemic.
Many people are drawing parallels between the coronavirus and the 2002-03 outbreak of severe acute respiratory syndrome, or SARS, which also originated in China. Like the current outbreak, SARS led to the imposition of economically disruptive quarantines, which appear to have had a significant if temporary adverse effect on China's economy, and a modest negative impact on the world economy as a whole.
And here's another article:
Trump's Economic Growth Is Slower Than Obama's Last 3 Years
Former U.S. President Barack Obama (R) congratulates U.S. President Donald Trump. (Photo by Chip ... [+] Somodevilla/Getty Images)
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Under Trump business investment has turned negative the past three quarters and is negative or essentially flat when the impact of inventory changes are taken into account. Pretty much the only segment of business investment that has been positive the past three quarters is Intellectual Property Products.
Fears of global economic slowdown as virus follows trade war | Business | The Guardian
Zhang Ming, an economist at the Chinese Academy of Social Sciences (part of Beijing's state council), predicted that China's annual growth rate could drop below an annualised 5% in the January-March 2020 quarter. That would be a sharp slowdown compared with 6% annualised growth in the previous quarter.
Goldman Sachs believes the fast-spreading coronavirus will knock 0.4 percentage points from annualised growth in the US over the first quarter of 2020, as Chinese tourism to the US dips and exports of American goods to China take a hit. Its central forecast is for a partial rebound in US growth in the second quarter, but the risks are "skewed towards a larger hit".
Tech in Asia - Connecting Asia's startup ecosystem
Quite a lot has been going on:
Opinion | No, Team Trump, the Coronavirus Isn't Good for America - The New York Times
How frightened should you be about the coronavirus? I'm no epidemiologist, but what I've seen looks pretty scary. It doesn't help that the Trump administration, as part of its general war against science and expertise, has seriously reduced America's capacity to respond if we do face a dangerous pandemic.
So, about that economic threat: Many people are drawing parallels between the coronavirus and the 2002-3 outbreak of severe acute respiratory syndrome, or SARS, which also originated in China. Like the current outbreak, SARS led to the imposition of economically disruptive quarantines, which appear to have had a significant if temporary adverse effect on China's economy, and a modest negative impact on the world economy as a whole.
Plain Talk: It's Steve Mnuchin who needs an economics lesson — not Greta Thunberg | Dave Zweifel
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Economists offer mixed views on Budget - The Economic Times
The disconnect of economics and ecology — High Country News – Know the West
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