Economics
The Coronavirus Is Infecting the Global Economy. Here’s How.
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An interconnected global economy is feeling the strain of China’s viral outbreak -- and the potential $160 billion hit in lost growth that may be on the way.
In New Zealand, a bath furnishings seller told a customer that the German-designed shower head he ordered is unavailable -- because the factory in Shanghai is closed. Out in California executives of REC Group organized a supply chain war room to plan around an anticipated trucking shortage and port logjam in China. In the Middle East, Saudi Arabia is rallying support for an emergency OPEC meeting on concern oil demand will falter.