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The deadly virus sweeping across China could slash its economic growth, S&P warns

Trader scared

  • The virus spreading across China could slow its economic growth by 1.2 percentage points.
  • The coronavirus has sickened about 900 people and killed 26 so far.
  • Chinese authorities have locked down a dozen cities and restricted the movements of 30 million people.
  • However, stocks rose on positive signs for EU interest rates and European manufacturing.
  • Visit Business Insider’s homepage for more stories.

The virus sweeping across China could knock 1.2 percentage points off the growth rate of the world’s largest economy, S&P Global Ratings estimated, according to Bloomberg.

The SARS-like coronavirus has infected around 900 people and killed 26, prompting Chinese authorities to read more >>>

Source:: BusinessInsider.Com