Investment banks trims global growth forecast

JPMorgan shaved its forecast for global growth by 0.3 percent points for this quarter to reflect the growing impact of the Wuhan coronavirus.
"Based on the patterns observed from other  epidemics, we assume that the outbreak will likely run its course over 2-3 months, meaning the hit to activity happens in the current quarter" JPMorgan analysts said in a note.
"Also in line with historical experience, we expect a full recovery to follow."