Wuhan coronavirus outbreak could hurt retail sales, tourism in mainland China as Lunar New Year travel ramps up, UBS says

//Wuhan coronavirus outbreak could hurt retail sales, tourism in mainland China as Lunar New Year travel ramps up, UBS says

Wuhan coronavirus outbreak could hurt retail sales, tourism in mainland China as Lunar New Year travel ramps up, UBS says

As the first case of the Wuhan coronavirus was reported in the United States on Tuesday, UBS said the outbreak, if not contained, could weigh on retail sales, tourism and travel in China in the first quarter and the early second quarter of this year.The Swiss bank said it could present some downside risk to its economic growth forecast for the mainland, but it would expect Beijing to engage in additional policy easing to offset any shock from the virus, particularly to affected sectors, such as…

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By | 2020-01-22T04:07:08+00:00 January 22nd, 2020|Business|Comments Off on Wuhan coronavirus outbreak could hurt retail sales, tourism in mainland China as Lunar New Year travel ramps up, UBS says