2/11/2020, 9:12 AM (Source: TeleTrader)
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Asian economies most affected by coronavirus - Moody's

Moody’s Investors Service published a report on Tuesday regarding the potential economic impact of coronavirus outbreak on a global level. Moody's stated that economies of the countries in the Asia-Pacific region are more exposed to negative coronavirus influence than European or American, as they have stronger trade cooperation with China.

"Prolonged virus outbreak could disrupt supply chains, extend fall in commodity prices and cause significant second-round economic effects," Moody's claimed, adding that the global economy will suffer due to increasing risks to China's growth caused by the epidemic.

Lastly, it forecasted that the economic impact of coronavirus will be felt for several more weeks, after which normal activity should start to resume gradually.

Baha Breaking News (BBN) / ND