Our China GDP Forecast Revised to 5.4% in 2020, Says Moody’s Analytics

The transcript discusses the economic impact of a virus outbreak, focusing on the uncertainties and the effects on corporate life. It highlights the downward revision of GDP forecasts for China and Asia due to the virus, emphasizing the impact on consumption and services. The disruption of supply chains and its ripple effects on the economy are also covered. The transcript outlines monetary and fiscal measures, such as liquidity injections and increased fiscal spending, to mitigate the crisis. It concludes with insights from past epidemics, like SARS, suggesting potential recovery patterns.

What was the revised GDP growth forecast for China in 2020 due to the virus impact?

• 5.4%

• 6.1%

• 4.8%

• 6.5%

Which sector is primarily affected by the containment efforts in China?

• Agriculture

• Consumption services

• Manufacturing

• Technology

What action has the People's Bank of China taken to address the economic impact?

• Increased taxes

• Flooded liquidity and lowered funding costs

• Raised interest rates

• Reduced government spending

What might local governments in China do to support the economy during the containment period?

• Increase fiscal spending and bond issuance

• Decrease bond issuance

• Cut public services

• Raise tariffs

What historical event is referenced to suggest a potential economic rebound?

• 2015 Chinese Stock Market Crash

• 2003 SARS outbreak

• 2011 European Debt Crisis

• 2008 Financial Crisis