China sees only short-term virus impact on Southeast Asia economies

February 21, 2020, 04.35 PM | Source: Reuters
China sees only short-term virus impact on Southeast Asia economies

ILUSTRASI. China sees only short-term virus impact on Southeast Asia economies. REUTERS/Kim Hong-Ji


His comments came a day after China called for solidarity in a hastily-arranged meeting to discuss the coronavirus outbreak with ASEAN members in Vientiane, Laos.

The virus outbreak has killed more than 2,200 people in mainland China and infected more than 75,400 others. To date, 25 other countries have reported more than 1,000 cases to the World Health Organization, with tallies in ASEAN members Singapore and Thailand among the highest.

Bank Indonesia on Thursday joined Thailand's and the Philippines' central banks in cutting interest rates to ward off the impact of the virus outbreak on their economies.

Read Also: Indonesia central bank cuts rates as virus risks mount, trims outlook

Bank Indonesia Governor Perry Warjiyo said as much as $400 million of potential investment by Chinese companies may be lost due to the virus outbreak. There could be a $400 million drop in Chinese exports and $700 million dip in imports, with GDP growth seen slowing slightly in the region's biggest economy, he said.

Singapore has cut its 2020 growth and exports forecast due to the impact of the coronavirus outbreak.

The epidemic is set to be a major focus of discussion at a weekend meeting of finance leaders from the Group of 20 major economies, according to Bank of Japan Governor Haruhiko Kuroda.

Editor: Yudho Winarto
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