Virus a Downside Risk for China First-Quarter GDP: Oxford Economics

The transcript discusses the economic impact of a model on China's GDP, comparing it to the SARS outbreak. It highlights potential impacts on household spending, tourism, and production, especially during the Lunar New Year. The discussion suggests the outbreak might be short-lived due to effective containment measures, such as the Wuhan lockdown. The Federal Reserve's response is also considered, with a focus on maintaining steady interest rates amid the US-China trade war and other economic factors.

What are the main areas of China's economy expected to be affected by the coronavirus according to the first section?

• Agriculture and technology

• Household spending and tourism

• Real estate and banking

• Education and healthcare

How does the current coronavirus situation compare to the SARS outbreak in terms of economic impact?

• It is expected to have a shorter duration but higher impact

• It is expected to have a longer duration and less impact

• It is expected to have a longer duration and higher impact

• It is expected to have the same duration and impact

What measures have Chinese authorities taken to manage the coronavirus outbreak?

• Increased public spending

• Increased interest rates

• Reduced taxes

• Implemented travel restrictions and lockdowns

What is the Federal Reserve's likely stance on interest rates in response to the coronavirus impact?

• Increase interest rates

• Decrease interest rates

• Keep interest rates steady

• Eliminate interest rates

What other economic risk is mentioned alongside the coronavirus in the third section?

• The Middle East oil crisis

• The Brexit negotiations

• The US-China trade war

• The European debt crisis