How China's Deadly Virus Can Impact Global Markets

The transcript discusses the potential economic impact of a virus, comparing it to the SARS outbreak. It highlights the uncertainty in predicting the virus's trajectory and its effects on markets. The discussion focuses on the services sector, which is particularly vulnerable due to changes in consumer behavior during outbreaks. The rise of the services sector in China increases its economic vulnerability if the virus is not contained.

What is the primary challenge in predicting the economic impact of a virus outbreak?

• Limited market analysis

• Uncertainty about the virus's trajectory

• Lack of historical data

• Inadequate scientific research

How did the SARS outbreak affect China's GDP growth in 2003?

• It decreased by 5 percentage points

• It decreased by 2 percentage points

• It remained stable

• It increased by 2 percentage points

Which sector was most affected by the SARS outbreak in China?

• Services

• Agriculture

• Manufacturing

• Technology

What significant change has occurred in China's economy over the past 17 years?

• Increase in agricultural output

• Growth of the services sector

• Decline in manufacturing

• Reduction in technology exports

How might the growth of the services sector affect China's economic vulnerability during a virus outbreak?

• It decreases vulnerability

• It increases vulnerability

• It has no effect

• It stabilizes the economy