U.S. Issues Level 4 Advisory Not to Travel to China

The transcript discusses the global response to a virus outbreak, highlighting the World Health Organization's praise for China's containment efforts and the lack of travel restrictions. Despite this, many countries and companies have taken independent actions, such as halting flights and closing borders. The virus has surpassed the SARS outbreak in confirmed cases, raising concerns about its spread to regions with weaker health systems. The economic impact is significant, with sectors like transportation and hospitality hit hardest. China's GDP is predicted to fall, partly due to the increased importance of the services sector compared to the early 2000s.

What action did the Director General of WHO take regarding travel restrictions during the coronavirus outbreak?

• Praised China's efforts but did not issue travel restrictions

• Closed all borders worldwide

• Issued a global travel ban

• Encouraged travel to China

Which countries reported their first cases of coronavirus shortly after the WHO declared it an international public health emergency?

• Australia, Japan, and South Korea

• Germany, France, and Italy

• Brazil, Canada, and Mexico

• United States, India, and Philippines

What was the predicted impact of the coronavirus on China's first quarter GDP according to Bloomberg economics?

• Remain stable at 5.5%

• Fall to 4.5%

• Increase to 6.5%

• Rise to 7.0%

Which sectors were the first to feel the impact of the coronavirus outbreak?

• Technology and agriculture

• Transportation and hospitality

• Education and healthcare

• Finance and real estate

What was the main reason for the outsized economic impact of the coronavirus compared to the SARS outbreak?

• Increased global travel

• Larger population in China

• Higher infection rate

• Greater importance of the services sector in China's GDP