Economic Impacts of the Novel Coronavirus Outbreak

This Policy Outlook discusses the implications of the Novel Coronavirus outbreak for both the Chinese and the global economy. It also reflects on the potential impact on the ongoing trade negotiations between the US and China.

It has been less than a month since the world learned about the Novel Coronavirus outbreak in China. So far, the disease has taken almost 500 lives, infected more than 20,000 and spread to many other countries. In addition to the human and social costs, the Chinese economy, the world’s second largest, has been hit by the outbreak as well. Consumption has declined, and production is at a standstill. This Policy Outlook discusses the implications of the Novel Coronavirus outbreak for both the Chinese and the global economy. It also reflects on the potential impact on the ongoing trade negotiations between the US and China.

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