The spread of the new coronavirus beyond China is drawing increasingly forceful policy responses, with fiscal policy taking the lead. Malaysia and Korea both announced fiscal packages in the past 24 hours. Neither will avert a sharp slowdown in growth this quarter but they limit downside risks and should fuel a stronger rebound, as long as the threat posed by the outbreak eases within the next few weeks.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services