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Economy

Coronavirus scare: Global growth may shrink to 1% in 2020

Updated : March 18, 2020 05:43 PM IST

The Economist Intelligence Unit (EIU) has revised the US growth forecast downwards to 1 percent for 2020. It has also dragged China's growth to around 2 percent in 2020.
According to EIU, a vaccine will be available around end-2021 (at the earliest) and coronavirus will become a seasonal disease, with another outbreak in winter 2020/21.
Coronavirus scare: Global growth may shrink to 1% in 2020

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