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Coronavirus

Coronavirus to knock wind from China's sails: Goldman, Oxford

First-quarter GDP growth to be dented by 1.6 to 2 points, firms say

A woman wearing a mask walks in the Lujiazui financial district in Pudong, Shanghai, as the country is hit by an outbreak of a new coronavirus.   © Reuters

NEW YORK/SHANGHAI -- With the coronavirus outbreak disrupting factories and transportation in China, speculation is mounting that the government will have to set its sights lower when announcing the economic growth target next month.

Goldman Sachs sees the epidemic reducing first-quarter growth in Chinese gross domestic product by 1.6 percentage points in year-over-year terms, its Asia economics team said in a report Monday.

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