The first and most immediate is on domestic demand in particular in the parts of China that had been most directly impacted by measures to contain the virus. “We see some indirect impacts building up around manufacturing, value chains being impacted by the disruption caused by the virus,” she said. “We see impact on travel and on tourism. This in the short-term is likely to bring some slow down. In the long-term, we don't know. We have to assess how quickly action is being taken to contain the spread of Coronavirus and how effective this action is,” Georgieva said.