BRIEF-S&P Says Coronavirus Will Deliver Short-Term Blow To Economic Growth In Q1 In China

BRIEF-S&P Says Coronavirus Will Deliver Short-Term Blow To Economic Growth In Q1 In China
Image Credit: ANI
  • Country:
  • China

S&P Global Ratings: * S&P GLOBAL RATINGS SAYS CORONAVIRUS WILL DELIVER A SHORT-TERM BLOW TO ECONOMIC GROWTH IN THE FIRST QUARTER IN CHINA

* S&P GLOBAL RATINGS SAYS ASSUMING CORONAVIRUS IS CONTAINED IN MARCH, EXPECT CHINA'S GDP GROWTH RATE TO RECOVER FIRMLY IN Q3, BEFORE REBOUNDING IN 2021 * S&P SAYS EXPECT SMALL AND MEDIUM-SIZED RESTAURANT FIRMS TO COME UNDER STRESS IN CHINA FROM CORONAVIRUS, AS STORE CLOSURES PILE ON LIQUIDITY PRESSURE

* S&P SAYS BELIEVE THE LONG-TERM OUTLOOK FOR HARDWARE AND SOFTWARE REMAINS POSITIVE IN CHINA * S&P SAYS STRUCTURED FINANCE SECTOR IS EXPECTED TO SEE A SHORT-TERM IMPACT FROM CORONAVIRUS

* S&P SAYS CORONAVIRUS HAS HIGHLIGHTED VULNERABILITIES THAT EXIST ACROSS CHINA'S TOURISM SECTOR Source: http://bit.ly/3bNrWkM

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