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Will the coronavirus outbreak derail the global economy?
China plays a hugely important world role – and the effects of the crisis could be choppy and lasting by Phillip Inman,
economics editor
At time of publication, the coronavirus had infected close to 40,000 people, the vast majority of them in China, killed more
than 800 and spread to almost 30 countries. Given China’s huge importance to the global economy, the ripple effect could
be choppy and lasting.
Why is China so important to the global economy?
China’s extraordinary economic surge over the past 40 years has resulted in it becoming the world’s second biggest
economy, with a GDP of 13.6tn(£10.4tn)(comparedwith20.5tn for the US). Annualized growth of 7% and more – way
beyond the capacity of developed economies – has become the norm.
Disponível em: https://www.theguardian.com/news/2020/feb/10/will-the-coronavirus-outbreak-derail-the-global-economy. Acesso em: 10/02/2020.
