Feb 03, 2020 | Dan Rudisuela


"A disruption to economic activity in China, even if temporary, will have greater implications for the global economy now than in the past."

Jet engine

The outbreak of coronavirus has been declared an international public health emergency and is having a massive impact on the thousands of people infected, their families and those tasked with caring for them. Outside of the human impact, some are also questioning the potential economic impact of an outbreak centered in the nation that represents 20% of the global GDP.

Economists believe that here in Canada the impact will be limited and temporary - slowing GDP growth by 2 or 3 tenths of a percent in Q1. For the full report, please read Coronavirus: gauging the economic impact prepared by RBC Economics.