Coronavirus outbreak in China could impact world economy, luxury industry in particular

If consumption expenditure in China, notably in travel and leisure, was to drop by 10%, the country’s GDP growth could be reduced by approximately 1.2 percentage points, according to rating agency Standard & Poor’sคำพูดจาก สล็อตเว็บตรง. “Consumers will probably avoid public areas” and “sectors linked to household expenditure are expected to be the worst hit,” stated the agency. Enough to aggravate the loss of momentum in China’s economy: last year, growth stood at 6.1%, the weakest in nearly 30 years, and Beijing is relying on consumption expenditure, which accounted for 3.5 percentage points of the country’s growth, to offset this.“At the worst time [of the …