The Economic Pain Is Mild, So Far

摘要

For businesspeople around the world, the new coronavirus that sprang from China is producing a severe case of cognitive dissonance. Their eyes are telling them things are bad: rising fatalities, history's biggest quarantine, sealed international borders, broken supply chains, shuttered businesses. But economists are telling them the epidemic will lower China's 2020 economic growth by just a couple tenths of a percentage point and global growth essentially not at all.So, which is it, a global crisis or a tempest in a Wuhan teapot? A lot hangs on the answer.