Monday, February 10, 2020
Economic impact of the coronavirus.
The shape of the human and economic effects of such epidemics can be easily mapped, but the scale and length can vary enormously. Critical factors determining this include the key characteristics of the virus, the efficacy of containment measures and the type of economies involved. China accounts for a far larger share of world GDP and trade than in past decades, and this epidemic poses a serious economic threat in coming months. The death rate seems to be much lower than for SARS in 2003 but the infection rate is far higher. The third key characteristic, the incubation rate, is similar, at two weeks.