Economics

Coronavirus Fallout Spreads to Manufacturers in U.S. Heartland

    

Photographer: Luke Sharrett/Bloomberg
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More than 40% of manufacturers across a swath of America’s heartland reported negative effects from the coronavirus, adding to growing concerns about the economic impact of the disease globally, according to a survey released Thursday by the Federal Reserve Bank of Kansas City.

Additionally, more than half of the respondents expect negative effects from the virus for the rest of 2020 amid supply-chain disruptions. The outbreak has killed nearly 3,000 people around the world, depressing financial markets and threatening to damp global growth. The Kansas City Fed district includes Nebraska, Kansas, Oklahoma, Wyoming, Colorado and parts of Missouri and New Mexico.