SINGAPORE (Feb 21): A Bloomberg columnist says it succinctly. “The novel coronavirus Covid-19 causes flu-like symptoms in its patients. For the rest of us, it induces a kind of creeping cluelessness.”

Whether Covid-19 last weeks, or months, flu economics is flourishing, assessing the impact of Covid-19 on economies, commodities, markets, stocks and valuations. How will it impact China, Asian economies, sectors such as tourism, semiconductors, electric vehicles, property and construction? Will the global economy suffer a contagion? Or will Covid-19, as optimists believe, just blow over and will markets rebound swiftly?

We do not know. According to the World Bank, a pandemic like the Spanish Flu (1918- 1919) would have cut GDP by 4.8%. The 1957 Asian Flu if it materialised now would cut global GDP by 2%.

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