Coronavirus ‘could cost global economy $1.1tn in lost income’
Oxford Economics says virus already having ‘chilling effect’ as China factory closures spread
The coronavirus could cost the global economy more than $1tn in lost output if it turns into a pandemic, according to a leading economic forecaster.
Oxford Economics warned that the spread of the virus to regions outside Asia would knock 1.3% off global growth this year, the equivalent of $1.1tn in lost income.