Analysts expect China's economic growth is the result of the impact of the epidemic of the coronavirus to slow down, and rating Agency Moody's on Monday downgraded the GDP growth forecast for China in 2020 to 5.2%, which had appeared the likelihood that China will not reach its long-term goal of doubling GDP in the decade to 2020.
it is Expected that in Japan, the effects of the virus manifest in the current quarter, causing fears of a recession. The third largest economy in the world is already shrinking at the fastest pace since the second quarter of 2014.
Dependent on trade, Singapore has lowered its economic growth forecast for the year 2020 and intends to unveil measures to soften the blow from health threats on Tuesday. The Prime Minister of Singapore Lee Hsien Loong said Friday that the recession is possible.
on Monday, China's Central Bank has cut interest rate on medium-term lending, which is expected to open the way to reduce the basic interest rate on loans and the subsequent reduction in the cost of borrowing for companies affected by the virus.
Beijing also announced plans to deploy a targeted and phased reductions in taxes and fees to help the business.
In China for the last day from complications caused by a novel coronavirus COVID-19, died of 105 people, the total number of victims amounted to 1770. Earlier it became known that China imposes the death penalty for the concealment of symptoms of coronavirus or distortion of information about the patient's condition.
the Impact of the outbreak of the coronavirus in the global steel industry will be felt for at least two to three years, because China is the largest producer of the alloy, said on Monday the Minister of Indian trade unions, Dharmendra Pradhan.
foreign Minister Wang Yi said that in the near future, Beijing will be able to overcome the epidemic of the new type of coronavirus. Earlier it was reported that in China, patented the cure for the new virus, which will soon go on sale.
