05 Feb The China Coronavirus outbreak
Key Points:
- The China coronavirus outbreak has led to concerns of a global pandemic triggering an economic downturn.
- Our base case is that the outbreak will be contained allowing share markets and bond yields to rebound.
- However, uncertainty is high given that the coronavirus is more contagious than SARS albeit with lower mortality. Key to watch for is a peak in new cases and contained transmission in developed countries.
