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18 February 202011.50 The Moody's agency has cut estimates for China's GDP for 2020. GDP is expected to increase by 5.2% instead of the 5.8% previously forecast. The cut is due to the impact of the coronavirus epidemic, which will affect the economy across Asia. According to Moody's, the epidemic adds further pressure on Asia-Pacific growth: the impact will be felt in a particular way on commercial exchange and tourism, with sectors that will affect both the production and distribution chains.Virus, Moody's cuts estimates on China's GDP
2020-02-18T14:28:44.696Z
11.50 The Moody's agency has cut estimates for China's GDP for 2020. GDP is expected to increase by 5.2% instead of the 5.8% previously forecast. The cut is due to the impact of the coronavirus epidemic, which will affect the economy across Asia. According to Moody's, the epidemic adds further pressure on Asia-Pacific growth: the impact will be felt in a particular way on commercial exchange and tourism, with sectors that will affect both the production and distribution chains.
Source: rainews