Coronavirus May Give $ 211 Billion Damage to the Asia Pacific
International credit rating agency S&P Global has announced that the coronavirus may give damage to the Asian Pacific economies by $ 211 billion.
The agency stated that Australia, Hong Kong, Singapore, South Korea, and Thailand will enter economic stagnation.
In addition, China's 2020 growth forecast fell from 5.7% to 4.8%. S&P Global said that the biggest defeat could be Hong Kong, Singapore, Thailand, and Vietnam, which share the tourism sector's share in GDP by about 10 percent. It was stated that the electronic and automotive sectors of these countries have risks.