Coronavirus: How is it affecting the economy? - BBC Newsnight
February 21, 2020
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4:04Now PlayingCoronavirus: How is it affecting the economy? - BBC Newsnight
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as posted by the channelThe human cost of the coronavirus outbreak is climbing across China and beyond. The economic cost is also mounting, mainly, but not only, in China. So what is the global economic impact of Covid-19?
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That damage is, for the most part, not due to the virus itself so much as efforts to prevent it spreading.
There are strict restrictions on moving out of Wuhan, where the outbreak began, a city with a population of 11 million.
The lockdown, also now extended to other parts of Hubei province, prevents business-related travel as well as the movement of goods and workers.
Fear of the virus also means many people will choose to avoid activities they think might expose them to the risk of infection. So restaurants, cinemas, transport providers, hotels and shops are all quickly feeling the impact.
Business editor Helen Thomas reports.
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#Coronavirus #Covid19 #2019nCov
Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.
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