Analysts at Westpac are concerned that the coronavirus is likely to have a bigger economic impact on New Zealand than SARS. Key notes Our baseline scenario is that March quarter GDP will be 0.6% lower than previously thought. This assumes a two month ban on travel and one month of disruption in China’s factories. In this scenario there would be little lasting economic damage. Late-2020 would feature high quarterly GDP growth as the economy rebounds. China is now much more important to the New Zealand economy than in 2003. Quarantine efforts this time are much more draconian than they were during SARS. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CNH Price Analysis: Trapped between key MAs FX Street 2 years Analysts at Westpac are concerned that the coronavirus is likely to have a bigger economic impact on New Zealand than SARS. Key notes Our baseline scenario is that March quarter GDP will be 0.6% lower than previously thought. This assumes a two month ban on travel and one month of disruption in China’s factories. In this scenario there would be little lasting economic damage. Late-2020 would feature high quarterly GDP growth as the economy rebounds. China is now much more important to the New Zealand economy than in 2003. Quarantine efforts this time are much more draconian than they were… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
