Parallels between coronavirus and SARS outbreaks include stunted GDP
A market analyst sees some parallels between the coronavirus outbreak and the SARS epidemic of 2003.
Elaine Kub says in both instances global GDP, or Gross Domestic Product, was stunted.
“And now China is a much larger proportion of the global economy.”
She tells Brownfield the coronavirus outbreak is already bigger than the SARS event.
“And it’s nowhere near done spreading across the globe. But the people that we know it’s affecting and the countries it has affected the most so far, they are a bigger proportion of that global supply chain.”
Kub says besides the worsening situation in Asia, the coronavirus is now impacting countries in Europe and the Middle East as well.