46m ago 04:36
Economic impact on China will be 'marked' – Moodys
A fall in consumer spending as large parts of China continues to be shut down will cause a “marked” impact on the economy, according to economists at the rating agency Moodys. The shut down will lower discretionary consumer spending on transportation, retail, tourism and entertainment, they said, and could also disrupt domestic supply chains if the outbreak persists, resulting in a broader hit to the economy.
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