{"id":202021,"date":"2020-02-13T13:53:28","date_gmt":"2020-02-13T10:53:28","guid":{"rendered":"http:\/\/ww-vb.mine.nu\/w108\/coronavirus-update-china-toll-mounts-as-who-issues-grim-iceberg-warning\/"},"modified":"2020-02-13T13:53:28","modified_gmt":"2020-02-13T10:53:28","slug":"coronavirus-update-china-toll-mounts-as-who-issues-grim-iceberg-warning","status":"publish","type":"post","link":"https:\/\/hameed.nwar.uk\/sa\/coronavirus-update-china-toll-mounts-as-who-issues-grim-iceberg-warning\/","title":{"rendered":"Coronavirus update: China toll mounts as WHO issues grim ‘iceberg’ warning"},"content":{"rendered":"

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China appears to be fighting an increasingly uphill battle to contain the coronavirus outbreak, as new deaths and infections continue to climb \u2014 prompting an ominous warning from the World Health Organization.<\/p>\n

As of Monday, the deadly virus has claimed over 1,000 lives and stricken more than 40,000 around the world, officially topping the casualties of the deadly severe acute respiratory syndrome (SARS) outbreak of 2002. Meanwhile, the list of businesses that are curtailing travel and shutting down operations in the world\u2019s second-largest economy is lengthening.<\/p>\n

The spiraling crisis drew a grim assessment from WHO director general Tedros Ghebreyesus, who posted on Twitter late Sunday that new yet isolated cases are unrelated to recent travel to China.<\/p>\n

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There\u2019ve been some concerning instances of onward #2019nCoV<\/a> spread from people with no travel history to ??. The detection of a small number of cases may indicate more widespread transmission in other countries; in short, we may only be seeing the tip of the iceberg.<\/p>\n

\u2014 Tedros Adhanom Ghebreyesus (@DrTedros) February 9, 2020<\/a> <\/p><\/blockquote>\n<\/div>\n

The lion\u2019s share of the crisis is concentrated in China. Yet the ballooning impact of the virus threatens to take a bite out of first quarter earnings \u2014 as well as global growth \u2014 as a wide range of multinational companies pull back from the country. On Monday, food chain Restaurant Brands International (QSR) announced that half its Burger King locations there had been shuttered.<\/p>\n

Meanwhile, continued delays of operations at factories has increased the U.S. economy\u2019s exposure, though analysts say that effect is contained \u2014 for now. Wall Street expects to see the impact in the first quarter, and a bounce-back in Q2 and beyond.<\/p>\n

\u201cThis is a vulnerability for the U.S. economy,\u201d Calvin Schnure, a former Fed economist and current Nareit senior vice president, told Yahoo Finance Monday.<\/p>\n

\u201cIt\u2019s not enough of a vulnerability to cause a recession…but we really don\u2019t have the information and it\u2019s going to take a couple of months before we really see it,\u201d he added.<\/p>\n

Peter Chun, founder of Silverbear Capital, told Yahoo Finance the region in and around China is also feeling the pressure, with U.S.-China trade tensions and the Hong Kong protests having a knock-on effect.<\/p>\n

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