The global capital markets were roiled in recent weeks by the new virus that jumped species in China. It is contagious during the incubation periods and appears similar though more aggressive than SARS in 2003-2004. And China is larger and significantly more integrated into the global political economy.
The new coronavirus is impactful in several areas outside of the human tragedy. It is a blow to ideas of better growth impulses to start the year. The outlook for China, which had been projected to account for around a sixth of global growth this year, has