DUBLIN–(BUSINESS WIRE)–The “Retail Banking in China: Coronavirus (COVID-19) Sector Impact” report has been added to ResearchAndMarkets.com’s offering.
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020.
Fears surrounding the impact of COVID-19 have significantly impacted the global economy, with key stock markets across the world losing 20-50% of their value for the year-to-date. Many economists and institutions have cut their forecasts, with many experts predicting the potential onset of recessionary environments.
A similar trend is expected in China, as economic growth in the country is set to have dipped in the first quarter of 2020 and will decline further if the disease relapses. The real GDP growth rate for China is expected to decelerate in 2020. The decline will have an adverse impact on all sectors, including the banking industry.
This report focuses on the impact of the Coronavirus outbreak on the economy and the retail banking industry in the China. Based on our proprietary datasets, the snap shot provides a detailed comparison between pre-COVID-19 forecasts and revised forecasts of total mortgage, consumer, credit card loan balances as well as deposit balances in terms of value and growth rates. It also offers information on measures taken by the government to combat Coronavirus.
Scope
Reasons to Buy
Key Topics Covered:
COVID-19 Update
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/u0e1on
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