The coronavirus, which has now killed more than 400 people, is "going to paralyse China. It's going to cascade throughout the global economy," Allianz chief economic adviser Mohamed El-Erian told CNBC news.
“For a long time I thought the market sentiment was so strong that we could overcome a mounting list of economic uncertainty,” the former Pimco chief executive told the US cable news network. That list would include already-uncertain global growth, US-China trade tensions, Brexit and Middle East tensions.
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Will Willitts is a Sydney-based desk editor; previously posted in Washington, Frankfurt, Mexico City and Ottawa, he has worked with Reuters, Bloomberg and Dow Jones. Connect with Will on Twitter. Email Will at wwillitts@afr.com
