Lunatic RBA yet to model virus impact on China

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What’s the need when everything is always all good, via Domain:

Reserve Bank governor Philip Lowe says the economic risk of the coronavirus is greater than SARS, as the infection rate surges and countries shut their borders.

Dr Lowe said there were hopes the number of cases would fall and the economy would bounce back but he said “it is possible the number of cases escalates and so does the interruption to China’s economy”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.