A worker cleans the signage of a fast food restaurant as businesses slowly restart in Beijing, yesterday. As China’s coronavirus cases and death steadily falls, authorities are trying to restart its businesses and factories after a virtual shutdown which has had a ripple effect affecting the global economy.
WASHINGTON, DC, United States (AP) — Since breaking out of China, the coronavirus has breached the walls of the Vatican. It’s struck the Iranian holy city of Qom and contaminated a nursing home in Seattle.
And around the world, it’s carrying not just sickness and death but also the anxiety and paralysis that can smother economic growth.
From Florida, where the CEO of a toy maker who can’t get products from Chinese factories is preparing layoffs, to Hong Kong, where the palatial Jumbo Kingdom restaurant is closed, businesses are struggling. The virus has grounded a British airline, and it’s sunk a Japanese cruise ship company.
The cumulative damage is mounting.
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