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1、The Economic Impact of the COVID-19 Outbreak on Developing Asia The Economic Impact of the COVID-19 Outbreak on Developing Asia1 WhAT Is COVID-19? A new coronavirus disease, now known as COVID-19, was first identified in Wuhan, Peoples Republic of China (PRC), in early January 2020. From the informa
2、tion known at this point, several facts are pertinent. First, it belongs to the same family of coronaviruses that caused the Severe Acute Respiratory Syndrome (SARS) outbreak in 2003 and the Middle East Respiratory Syndrome (MERS) outbreak in 2012. Second, the mortality rate (number of deaths relati
3、ve to number of cases), which is as yet imprecisely estimated, is probably in the range of 1%3.4%significantly lower than 10% for SARS and 34% for MERS (Table 1, first column), but substantially higher than the mortality rate for seasonal flu, which is less than 0.1%.2 Third, even though it emerged
4、from animal hosts, it now spreads through human-to-human contact. The infection rate of COVID-19 appears to be higher than that for the seasonal flu and MERS, with the range of possible estimates encompassing the infection rates of SARS and Ebola (Table 1, second column). 1 The authors of this brief
5、 are Abdul Abiad, Mia Arao, Suzette Dagli, Benno Ferrarini, Ilan Noy, Patrick Osewe, Jesson Pagaduan, Donghyun Park, and Reizle Platitas. The work has benefited from comments received from numerous colleagues across the Asian Development Bank (ADB). 2 An analysis published in JAMA ( of 72,314 cases
6、in the PRC found an overall case fatality rate of 2.3%, with much higher fatality rates for those aged 7079 (8.0%) and those aged 80 and above (14.8%). ADB BRIEFS NO. 128 6 March 2020 ISBN 978-92-9262-063-9 (print) ISBN 978-92-9262-064-6 (electronic) ISSN 2071-7202 (print) ISSN 2218-2675 (electronic