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On 31st December 2019, China alerted about the onset of the coronavirus (COVID-2019) in Wuhan. The number of infected people has increased significantly, mainly in China.
As a result of this outbreak, the IMF lowered its global economic growth forecast in 2020 between 0.1pp and 0.2pp. China will be the hardest hit economy.
In China, the provinces of Guangdong and Jiangsu are bearing the brunt of coronavirus impact on business activity.
Around 65% of the coronavirus-affected companies are from services, wholesale, and manufacturing sectors.