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Wuhan virus: China-dependent economies may be in for rough ride
Stalling of various economic activities set to hit Asean manufacturing, services growth
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Medical staff taking away a patient suspected of having contracted the Wuhan virus in the city in China's Hubei province last Thursday. Asean's tourism sector will be affected, after China ordered all tour groups to be suspended until the virus is contained. The first links in the chain are the airlines, which are seeing their share prices collapse.
PHOTO: AGENCE FRANCE-PRESSE
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The virus outbreak in China is a potent reminder that a diversified base of revenues and supplies is a good insurance policy against unexpected economic disruptions.
While the final tally of the economic costs will depend on how long the epidemic persists, one thing is clear: The more China-dependent you are, the more it will hurt. Having said that, there's no easy way to devise a strategy to determine your exposure to the world's second-largest economy.
