Journal Article
Coronavirus Dampens China’s First-Quarter GDP
Nie, Jun; Lyu, Yifei (2020-04-06)
The novel coronavirus spread in China long before other countries, making China a potential early signal of the virus’s economic effects. Using a range of statistical models, we estimate that the coronavirus outbreak may have reduced China’s real GDP by an annualized rate of 32 percent, leading year-over-year growth to decline from 6 percent in 2019:Q4 to −3.8 percent in 2020:Q1.
Economic Bulletin , Issue April 6, 2020 , Pages 5