COTD: Coronavirus Risk To Manufacturing

Corona_Feb15

The holiday is over, but few people are back in offices and factories…the effects of covid-19 will be like those of SARS in 2003: a sharp shock to Chinese growth, followed by a strong rebound. But SARS may not be a reliable guide. China’s economy accounts for 16% of GDP today, up from just 4% then. It has become enmeshed in supply chains of mind-boggling complexity, and just-in-time production leaves little room for delays.  – Economist

That Was Then, This Is Now

China Impact on Global Economy 2019 v 2003

Hat Tip:  Mike Bird  @Birdyword

Run to our post, The Global Supply & Demand Shock Of The Coronavirus, which we wrote waaaaaaaay before the MSM jumped on this story.

This entry was posted in China, Economics, Uncategorized and tagged , , . Bookmark the permalink.

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