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Capital Group : Coronavirus rattles markets, what's next for global growth?

Coronavirus

Global stocks fell sharply on Monday following confirmation that the coronavirus has spread to Italy, South Korea and Iran, raising fresh questions about the potential impact on global economic growth and business sector supply chains dependent on China.

A rising number of infections in Europe, in particular, has prompted markets to re-evaluate concerns about a global pandemic, even though the number of reported cases in mainland China has declined since news reports about the outbreak accelerated around January 17.

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