- An economist with Nomura Holdings Inc has indicated that China may have a greater challenge dealing with coronavirus than SARS
- SARS appeared in 2003 and was characterized by fever, dry cough, headache, muscle aches and difficulty in breathing
- It was however contained a few months after it spread across the globe
Nomura Holdings Inc. has predicted that China may have more trouble dealing with the coronavirus compared with how it dealt with Severe Acute Respiratory Syndrome (SARS) in 2003.
SARS was a virus that appeared in China in 2003 and spread all over the world in a few months but was quickly contained.
It was transmitted through droplets that spread through the air whenever a victim coughs, sneezes or talks.
SARS was characterized by fever, dry cough, headache, muscle aches and difficulty in breathing.
There has been no known transmission in 2004 and Richard Koo, an economist with Nomura, believes China may be facing unprecedented changes.
Koo believes parts of the Chinese economy that supported recovery after the SARS epidemic, such as a growing labor force and corporate investment, may be lacking today.
His position comes in the face of expectations from Wall Street to the effect that China’s economy will bounce back from the coronavirus with few long-term consequences, just as it did with SARS in 2003.
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