ANZ economists have sounded the alarm on coronavirus’ economic impact, predicting the deadly disease will turn quarterly GDP growth negative for the first time since 2011.

With more than 400 deaths linked to the illness, the World Health Organisation has declared Wuhan coronavirus an “international emergency” – only the sixth in history.

Now, ANZ has estimated the fallout from the virus’ aggressive spread across the world could result in Australia’s GDP falling 0.1 per cent in the first quarter of the year.

Read more: https://thenewdaily.com.au/finance/finance-news/2020/02/05/coronavirus-recession-anz/