Goldman Sachs warned that the coronavirus will slow down the growth of the world economy in 2020

an Outbreak of coronavirus to slow the growth of the world economy this year, as the impacts of disease spread from China to the rest of the world, writes the Financial Times referring to the forecast of Goldman Sachs.

According to us Bank, the damage to global GDP growth in 2020 will be 0.1–0.2 percentage points in the baseline scenario, which assumes that the rate of spread of the virus will slow down significantly in February and March due to the harsh reaction of the Chinese authorities.

Goldman expects the world economy will grow by about 3.25 per cent this year compared with a rise of 3.1% last year.

under the more stringent scenario, in which the rate of spread of the virus does not reach the peak until the second quarter, and Goldman forecasts that the damage for GDP growth will reach 0.3 percentage points.

Economists at Goldman Sachs lowered the forecast of GDP growth of China in the first quarter from 5.6% to 4% in 2020 overall from 5.9% to 5.5%.

In 2019, the Chinese economy, the second largest in the world, grew by 6.1%, the lowest rate since 1990.