Stimulus Not Enough to Ward Off The Virus
Jack Kouzi, Director of Strategy, VFS Group
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The Covid-19 virus may have much longer lasting impact on the Chinese economy than initially expected as some factories are only operating at 10% capacity while major cities are devoid of crowds as people choose to stay at home for fear of being infected. Jack Kouzi, Director of Strategy, at VFS Group in Sydney warns that there may be big short term hit with economists underestimating the cut to China's GDP growth. He however says that the US Federal Reserve will move into action and cut rates if required as that has been their playbook since the GFC.
Presented by: Wong Shou Ning, Lyn Mak, Julian Ng
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Categories: Business Analysis, Trends and Forecasts, Markets, Investments
Tags: coronavirus, wuhan virus, covid-19, china, GDP, economy,