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Coronavirus Piles More Woes on Business in Italy’s Economic Heartland

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For Maurizio Cattaneo, the economic impact of the coronavirus outbreak in northern Italy’s Lombardy region became alarmingly clear when several clients called to scrap contracts with his haulage company.

“More than 50% of our work for this week has been canceled, and I’m scared that the situation will worsen,” the 48-year-old who runs a small company transporting heavy machinery in the regional city of Lecco said from his office 118 kilometers (73 miles) from the center of the outbreak south of Milan. “We have a real psychosis.”