"New Coronavirus Deals 191 Trillion Won Blow to Global Economy... Four Times SARS"

Analysis by Australian National University Professor... Monitoring Trends of Global Companies Entering China

There is an analysis that the impact of the novel coronavirus infection on the global economy could be four times more severe than the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak.

According to Bloomberg News on the 1st, Warwick McKibbin, an economics professor at the Australian National University, estimated that the global economic shock caused by the spread of the novel coronavirus could be three to four times the $40 billion impact during the SARS outbreak. This could amount to up to $160 billion (approximately 191 trillion won).

This prediction is due to the increased share of China in the global economy compared to 2003. Bloomberg reported that China's share of the world's total economic output has reached 17%, which is four times that of 2003.

Accordingly, many global companies operating in China are reportedly monitoring the situation closely. Companies are also preparing for the worst-case scenario, where the novel coronavirus could completely disrupt distribution networks and business plans.

This content was produced with the assistance of AI translation services.