On that occasion, there was a sharp slowing in output growth in China for a few months, before a sharp bounce-back as the outbreak was controlled and economic stimulus measures were introduced. Today, China is a larger part of the global economy and it is more closely integrated, including with Australia, so the international spillovers could be larger than they were back in 2003.
Much will depend on the success of the various efforts to control the virus so we are monitoring developments closely. The Importance of Continuing to Invest in our Future The third issue I would like to discuss is the importance of continuing to invest in our future.