PEFINDO is of the view that the rapid spread of the coronavirus disease (Covid-19) that was first detected in Wuhan, China, on December 31, 2019, will have a negative impact on global economic growth and Indonesia as well. Supply chains are disrupted, demand for final goods has weakened, commodity prices are slumping, and risk aversion sentiment has hit investors on a global scale. According to the World Health Organization (WHO), we have to realize that the fatality rate of Covid-19 as of March 1, 2020, was only at about 3.2%, lower than the Severe Acute Respiratory Syndrome (SARS) virus that killed about 10% of all infected individuals and the Middle East Respiratory Syndrome (MERS) outbreak in 2012 that had a fatality rate of around 35%.
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