Skip to main content

The coronavirus impact: what we know so far

The coronavirus is severely impacting China’s economy and the incoming data suggest that this is spilling over to other economies, particularly in Emerging Asia. Tourist arrivals to Thailand are down by 50% y/y, while trade data for Korea collapsed in the first ten days of this month. With China’s factories still closed for business, the disruption to supply chains will intensify further. We’ll know more about the fallout once the surveys for February are released in the coming days and weeks. But as things stand, it looks like the virus will cause EM GDP to contract by 2% in q/q annualised terms.

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


Get access