Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus.
The market pullback Friday “is still a worry about the virus,” Hyman said on CNBC’s “Squawk on the Street.” “Out team has GDP growth at zero for the first quarter … China is really slowing and that’s worrying people for sure.”
Hyman said the fast-spreading virus will not have much of an impact on the U.S. economy.
“We are so solid,” Hyman said. “It’s not the virus, it’s the trade that matters. People are not going out. They are not shopping, and that’s what’s hurting particularly China.”
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