Finance & Fury Podcast

Welcome to Finance and Fury Today – want to run through Coronavirus – Is it market noise or is it going to be an economic doomsday? First - It is too early to quantify the potential impact of the coronavirus on China. Much will depend on the attack and case fatality rates of the virus Coronavirus first emerged in the city of Wuhan, China - based on media reports - could affect growth in China and the rest of Asia-Pacific – spreading to the rest of the world – The severity of the impact of the coronavirus will depend upon the attack rate (the proportion of the population that falls ill) and the case fatality rate (the proportion of deaths) At this point, uncertainty about the nature of the virus is so high that it renders quantitative assessments pretty meaningless – but it may be helpful to think through how the virus could affect the economy – to do this – let’s have a look back on the impact of previous episodes of pandemics But the Impact of Past Pandemics Has Been Mixed - most commonly cited are the S