Coronavirus could erase $211 billion from Asia-Pacific economies, says S&P
Updated : March 06, 2020 08:58 AM IST
S&P cut its 2020 growth forecast for China to 4.8 percent from the previous estimate of 5.7 percent.
S&P did not cut growth forecasts for emerging markets of Indonesia, Malaysia, the Philippines and India, citing the fact that reported infections in those countries were still low.
Japan would take 0.5 percentage point hit and Korea a 1 percentage point knock.