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Chinese Economy Could See ‘Intense’ But ‘Short-Lived’ Coronavirus Damage: IHS

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

The coronavirus epidemic could be more damaging to the global economy than the SARS outbreak in 2003, IHS Markit’s February “Global Economic Forecast Flash” report contends. During the 2003 SARS epidemic, China was the sixth-largest economy, accounting for only 4.3 percent of world gross domestic product (GDP), according to the report from IHS chief economist Nariman…

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