News analysis

Virus threatens China's growth, Asian economies

Wuhan virus outbreak comes at a time when Chinese economy is facing headwinds

The impact of the Wuhan virus outbreak on the Chinese economy should not be underestimated, given that the tragedy has hit the country at a time when it seems to be more vulnerable.

The risk of contagion, not just of the epidemic but also in terms of economic damage, to other Asian economies cannot be ignored as well. Understandably, fear is gripping capital markets across the world as China undertakes the largest quarantine in human history to control the spread of the deadly virus.

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A version of this article appeared in the print edition of The Straits Times on January 28, 2020, with the headline 'Virus threatens China's growth, Asian economies'. Subscribe