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Economic fallout from China’s Coronavirus

Michael speaks to Robert Gottliebsen, Business Columnist with The Australian, about his recent article regarding the economic fallout from China’s Coronavirus.

 

Mr Gottliebsen writes – ‘it is already clear that the impact on China’s economy will be severe. In modern times airline travel is a barometer of what is happening in an economy. In China the figures are staggering.’

 

‘The government has encouraged people to stay at home, cancelled major public events and is restricting travel for tens of millions.’

 

‘Overall travel on the first day of the Lunar New Year dropped by 28.8 percent from a year ago, including falls of 41.6 per cent in civil air travel, 41.5 per cent in rail travel and 25 per cent for road transport.’

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