Virus Isn’t a V-Shaped Event for China’s Economy: Standard Chartered

The transcript discusses economic forecasts from major banks, highlighting differing views on growth recovery. It examines global growth stability, noting the lack of resilience to shocks. The discussion compares the current crisis to the SARS outbreak, emphasizing the larger impact on tourism and supply chains today. It concludes with modeling scenarios, outlining best and worst case outcomes based on virus stabilization and economic policies.

What is the expected shape of economic recovery in China according to the discussion?

• W-shaped

• L-shaped

• V-shaped

• U-shaped

What was the baseline view of global growth before the health crisis?

• Rapidly increasing

• Stable but at a low level

• High and stable

• Unstable and declining

Why is the growth recovery expected to be underwhelming despite stimulus efforts?

• Due to technological advancements

• Because of political instability

• Because of the lack of resilience at low growth levels

• Due to high inflation rates

How does the impact of the coronavirus compare to the SARS outbreak in terms of global tourism?

• There is no expected impact

• The impact is expected to be larger

• The impact is expected to be similar

• The impact is expected to be smaller

What is the best-case scenario for economic recovery according to the discussion?

• The virus statistics worsen and central banks ease monetary policy

• The virus statistics stabilize and central banks tighten monetary policy

• The virus statistics worsen and central banks tighten monetary policy

• The virus statistics stabilize and central banks ease monetary policy