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Economic Impact of the Coronavirus

Michael O'Leary


Over the last week, concerns about the coronavirus have increased dramatically as new infections reported around the world surpassed those in China. According to the WHO, the virus has primarily impacted China, with roughly 80,000 infections and 2,800 deaths. More recently, the virus has spread to another 46 countries, where about 3,700 cases and 57 deaths have been reported. These are alarming numbers and our hearts go out to all those impacted. It is still far too early to know when the virus will be contained, but fortunately mortality rates are far lower than other virus outbreaks and we've seen governments, healthcare organizations and pharmaceutical companies are all taking the situation seriously and working together on solutions.

So what is the economic impact of the coronavirus?

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