What is the economic impact of the pandemic?
The coronavirus outbreak, which originated in China, has infected more than 550,000 people. Its spread has left businesses around the world counting costs.
The FTSE, Dow Jones Industrial Average and the Nikkei have all seen huge falls since the outbreak began on 31 December.Investors fear the spread of the coronavirus will destroy economic growth and that government action may not be enough to stop the decline. The travel industry has been badly damaged, with airlines cutting flights and tourists cancelling business trips and holidays.The EU banned travellers from outside the bloc for 30 days in an unprecedented move to seal its borders because of the coronavirus crisis.from entering the US.
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