Al Jazeera: Asian governments brace for economic effects of coronavirus
Japan warns of a slump in growth, Singapore could see a recession and Malaysia will announce a stimulus package.
Policymakers in Japan on Friday braced for a sharp contraction in October-December growth and warned of a drop in output and consumption due to the coronavirus outbreak, as Asian economies sounded the alarm over darkening economic outlooks.
Singapore's economy could enter recession due to the blow from the coronavirus outbreak, its prime minister said on Friday, while neighbouring Malaysia said it would announce a stimulus package to mitigate the negative effects of the virus outbreak.
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WNU Editor: The economic impact from the coronavirus is not only isolated to Asia .... Will the coronavirus outbreak derail the global economy? (The Guardian). For some countries (like Iran) the economic impact from the coronavirus outbreak could be devastating .... Coronavirus Outbreak Slams Iran’s Embattled Economy (WSJ).
Update: I agree with this analysis .... 'Everyone is guessing' about coronavirus economic impacts, say experts (Reuters).
1 comment:
Just think if China's economy contracts and they do not need Iranian oil.
But Mullahs should not worry about it. They will run out of water way before they run out of oil revenue.
Iran will look like Somalia.
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