COTD: Covid-19 Risk To Manufacturing

COTD – Chart of the Day 


The holiday is over, but few people are back in offices and factories…the effects of covid-19 will be like those of SARS in 2003: a sharp shock to Chinese growth, followed by a strong rebound. But SARS may not be a reliable guide. China’s economy accounts for 16% of GDP today, up from just 4% then. It has become enmeshed in supply chains of mind-boggling complexity, and just-in-time production leaves little room for delays.  – Economist

China Impact on Global Economy 2019 v 2003

Hat Tip:  Mike Bird  @Birdyword