Coronavirus may drag global GDP by 1%age point

New Delhi: The cascading effect of coronavirus epidemic might cause a drag of about a percentage point on global GDP growth, if the containment is delayed beyond June, a report said in Thursday.

According to the report by Dun & Bradstreet, the outbreak of coronavirus is already having a considerable impact on the Chinese economy, and its implications will increase for global businesses with operations or suppliers in the region.

On January 30, the World Health Organization (WHO) declared the coronavirus (COVID-19) outbreak a global health emergency.