Economic risk of coronavirus is bigger than SARS: RBA governor

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Reserve Bank governor Philip Lowe says the economic risk of the coronavirus is greater than SARS, as the infection rate surges and countries shut their borders

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Dr Lowe said the response from China compared to the severe acute respiratory syndrome epidemic in 2003 is "much more extensive". The SARS epidemic cost the global economy $60 billion and hit Australian tourism and export sectors, but China only accounted for 5 per cent of global GDP at the time. It is now worth more than triple that.

 

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Economic risk! You might even get really really sick and die in a mass quarantine prison. Yet our borders are wide open.

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