OctaFX | OctaFX Forex Broker
Open trading account

Moody's: APAC economies more exposed to coronavirus economic impact than Europe and America

In its latest report, Moody’s Investors Service discusses a potential negative economic impact of China coronavirus outbreak globally.

Key Points:

“Governments most exposed to the economic impact of coronavirus tend to have strong buffers to withstand a transitory shock.

APAC economies more exposed to the economic impact of coronavirus than Europe and America, due to stronger trade and tourism links to china.

As downside risks to China's growth forecasts increases, there to be reverberations for economies globally.

The current baseline assumption is for an economic impact of coronavirus to continue for a number of weeks then normal activity to gradually resume.

Prolonged virus outbreak to disrupt supply chains, extend fall in commodity prices that could cause significant second-round economic effects.”


FXStreet Indonesian Site - new domain!

Access it at www.fxstreet-id.com

AUD/USD recovers further from decade lows, comfortable above 0.6700 mark

The AUD/USD pair edged higher for the second consecutive session on Tuesday and is currently placed at two-day tops, comfortably above the 0.6700 roun
Read more Previous

JPY Futures: Still room for extra decline

In light of preliminary data for JPY futures markets from CME Group, open interest reversed the previous drop and increased by just 739 contracts on M
Read more Next
Start livechat