The US expects a slight slowdown in projected GDP growth
The spread of the new coronavirus in China could have a negative impact on the US economy in the first quarter of this year. This forecast was made on Friday by Fox News, head of the White House National Economic Council Lawrence Carlow.
вЂњWe believe that we may lose two or three-tenths of one percent of GDP in the first quarter,вЂќ Carlow said.
In late January, he announced that the spread of the new coronavirus in China would not cause significant US economic harm.
An outbreak of the new coronavirus (2019-nCoV) was recorded in the large Chinese city of Wuhan at the end of December 2019. The World Health Organization recognized it as an emergency of international proportions, describing it as an epidemic with many foci. Outside of China, cases of infection were detected in 25 countries, including Russia. According to the latest data, the number of virus victims in China is 1,523 people, over 8 thousand have recovered, more than 66.4 thousand have been infected.
Recall that we wrote earlier that WHO offers 8 safety rules to prevent coronavirus infection.