The coronavirus has long been a global problem – and the extent to which the epidemic has an impact on the economy is predicted to be just as extensive. Italy is already feeling the absence of holiday guests.
Impact of coronavirus epidemic on the global economy
The Organization for Economic Cooperation and Development has lowered its forecast for economic growth worldwide, in China and in the euro area.
The coronavirus-induced restrictions on travel and freight traffic, as well as temporary closings of factories, are a major blow to demand in China, according to the OECD, but the economic impact of the epidemic, like the disease itself, has spread more and more.
Based on the figures from a survey of around 24,000 small and medium-sized companies, the Chinese economy continues to be predominantly positive despite the coronavirus. 66 percent of the companies surveyed were optimistic about the economic outlook for the current year.