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Seven Days: 24 January 2020

Seven Days: 24 January 2020

New coronavirus strikes

Mystery illness spreads across China

As if trade war tensions and African Swine Fever weren’t enough, China is now grappling with a new SARS-like virus that is rapidly spreading across the country. A potential ‘black swan’ for its economy, the outbreak comes ahead of the Lunar New Year, which will see millions of Chinese citizens travel both domestically and abroad. The disease can be transmitted between humans and has now spread into Asia and beyond with the first confirmed case in the US. As countries begin implementing precautionary measures, the new virus could have far-reaching consequences across industries, from luxury retail and airlines to pharmaceuticals.  

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