As the coronavirus spreads, what are the regional implications?

As the coronavirus spreads, what are the regional implications?

Amid rising concerns, finance heads of world economies convened at the G20 meet in Riyadh late last month to recalibrate the effects of the infection that forced the International Air Transport Association (IATA) to forecast $30bn in lost revenues and prompted the International Monetary Fund (IMF) to downsize its 2020 growth forecast of China to 5.6 per. Given that China's overall growth is expected to slide down in the coming months, it would have a spillover effect on regional economies in the form of dwindled exports, the report suggested.. Oil and gas continues to be the most exposed sector across regional markets, with China consuming 16.8 per cent of Qatar's gas and 12.4 per cent of Saudi Arabia's oil, the S&P report noted..