European economy is totally ready for a possible impact of the coronavirus. The EU representatives said that according to preliminary estimates, the virus influence on the European economy would be insignificant. There is no doubt that the situation can change, if the anti-virus measures turn out to be ineffective. However, experts suppose that at the moment, there are no reasons for panic and for the review of the economic outlook for 2020 and 2021. At the same time, the coronavirus has already slowed down the Chinese economic growth by 1 percentage point. Moreover, economists expect further deterioration of the economic situation. A lot of Chinese companies have already faced financial problems. Most of them have failed to return to work after the Lunar New Year holiday. Owners of various companies have already announced that they need multibillion loans to stay afloat.
