What the Coronavirus Shock Means for Europe’s Economies
(Bloomberg) -- A global economic model on the fallout of the coronavirus shows a drag on euro-area GDP growth of between 0.1 and 0.2 percentage points in the first quarter, with the Netherlands -- a major hub for trade activity -- hit most severely, according to Bloomberg Economics. Global supply chains could also be disrupted if China’s factories stay closed, although the impact is likely to be smaller than that caused by reduced Chinese import demand. Harder to pin down is the impact stemming from sentiment, uncertainty and financial markets.
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