Companies, economists, analysts and investors have been trying to count the cost of the full impact of the virus as it continues to spread.
Goldman Sachs analysts said the economic impact will be limited and investors should look to cyclical and value stocks.
Goldman analysts said the virus would hit U.S. economic growth by up to 0.5 percentage points in the first quarter, but the drag would be recouped over the next two quarters and the global damage could be as low as 0.1 percentage points over the full year. “The impact of the lower global and U.S. economic activity on 2020 S&P 500 earnings per share will be limited,” they said.
