Coronavirus could cut global growth by 0.1% to 0.4%, ADB says

The Asian Development Bank (ADB) said on Friday the coronavirus outbreak is set ...

People wearing face masks ride their vehicles near barriers set up on a road in Wuhan, the epicentre of the novel coronavirus outbreak, Hubei province, China March 3, 2020. REUTERS/Stringer CHINA OUT.

More than 3,200 people worldwide have died from the respiratory illness that can lead to pneumonia, hurting financial markets and damaging economies. Economic growth in China and developing Asia, excluding China, could be trimmed by 0.3 to 1.7% and 0.2 to 0.5%, respectively, the ADB said in an analysis that outlined best- and worst-case scenarios.

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