{podcast} The Coronavirus outbreak that emerged in January – centred on China, the world’s largest economy – is likely to lead a major shift down in global growth with the impact concentrated in the East Asia region. The result in Q1 is expected to be the weakest rate of growth (in year-on-year terms) since the Global Financial Crisis, and the Chinese economy is expected to show no growth (compared with an increase of 1.5% q/q in Q4). As a result, we have revised down our forecasts for global growth in 2020. For the full year, we forecast global growth of 3.0% (3.2% previously) but with a recovery in 2021 to around ... (full story)