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Coronavirus and the economy: U.S. and the world brace for shock waves and recession

March 12, 2020

How badly is the coronavirus epidemic damaging the global economy? How much is the resulting COVID-19 illness hurting U.S. businesses and consumers?

Here’s a continuing MarketWatch update on what economic experts are saying:

Severe restrictions to slow the spread of the coronavirus are taking a big toll on the global economy and it is going to get worse before it gets better, economists say. Italy is already in lockdown, for example, and the U.S. has now banned flights from Europe.

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