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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.