The Economic Impact of the COVID-19

Several readers have asked about the economic impact of the novel coronavirus. The answer is it depends on the severity of the epidemic. Goldman Sachs economists wrote this morning: Our new baseline scenario involves a continued slowdown in infections in China that allows for a slow recovery in high-frequency indicators of economic activity. However, it also includes moderate supply chain disruptions in the global goods-producing sector, as well as a hit to consumer spending and business activity from national outbreaks that go well beyond China and the other countries (such as Korea and......(read more)

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