02/16/2020
, the whole world talks about it, certainly now the priority is to save the thousands of people who have contracted the virus but what is the worldwide economic damage caused?
Experts are already drawing conclusions, almost all states have commercial relations with China, many events, fairs and exhibitions that have been canceled.
According to economic analysts, a re-edition of Sars would represent a very serious blow also for the retail trade, which represents about 40% of the Chinese GDP. Right now, in the streets of Wuhan, about 1000 kilometers from the capital, many fish markets are deserted for fear of contagion.
Such an eventuality could further hinder China's economic growth, which for this year has been a disappointing - so to speak - 6.1%: the worst figure in the last 29 years. A central factor in the slowdown is exports, stifled by the tariff war with the United States which in these days seems to have come to a first armistice, "Phase one", even the judgment on its effects is not unanimous.
More than any other consideration, the terrible memories of 2003 loom over the concerns of these days. When Sars, probably originated from bats, emerged in China and then made its way across the globe.