Snapshot

Janet Mui: weekly economic update 24 January


  • Markets have taken fright at the outbreak of coronavirus in China. The history of the SARS epidemic in 2003 suggests there could be a short, sharp hit to the economy – with activity quickly rebounding once the virus is contained. Chinese authorities appear to be responding decisively.
  • The outlook for the eurozone economy is slowly improving, according to ECB president Christine Lagarde.
  • In the UK, better economic data has caused markets to pare back their expectations of a rate cut from the Bank of England.  

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