Coronavirus seen shaving 0.2 percentage points off Japan's 2020 GDP growth: Reuters poll [Reuters]
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Coronavirus seen shaving 0.2 percentage points off Japan's 2020 GDP growth: Reuters poll TOKYO (Reuters) - The coronavirus epidemic is expected to shave up to 0.2 percentage points off Japan’s economic growth this year as it hits exports, factory output and tourism, a Reuters poll of analysts showed on Friday. The virus outbreak, which originated in China, has killed more than 1,300 people, and caused huge disruptions in movements of goods and people. “If global supply chain disruptions and travel restrictions are prolonged, the impact will become bigger. But if things stabilize in about two months, the damage will be limited,” said Mari Iwashita, chief market economist at Daiwa Securities. “We expect exports and factory output to stagnate in the current quarter, before picking up in April-June,” she said. Asked how much the virus outbreak could cut Japan’s economy this calendar year, 17 of 32 analysts said 0.1-0.2 percentage points and seven said less than 0.1 percentage point, the F
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