The economic costs of the Wuhan virus will definitely exceed that caused by SARS

The global cost of the SARS epidemic was about US$40B. The cost of the current Wuhan virus will definitely exceed that – likely by 3 to 4 times, according to the economist who provided the figure for SARS. We are already seeing a hit in the tourism sector with flight and room cancellations. That will trigger the drop in demand for related downstream goods and services. From this alone, we can see how the world is so inter-connected and the importance of global trade. Check out the details in this article…

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