image credit: Unsplash

China’s Economy Running at Just 40-50% Capacity Amid Coronavirus Lockdown, Data Suggests

February 18, 2020

Via: Time

The biggest question for the global economy right now is how quickly China can get back to anything like normal operations while it’s battling the coronavirus outbreak that has killed almost 1,900 people and sickened tens of thousands. Government controls and people’s fears to go outside have decimated spending for businesses from local noodle joints and Starbucks stores to Alibaba delivery men. Meantime, many factories are still not working due to a lack of staff, with workers trapped in their hometowns or spending two weeks in quarantine.China’s economy was likely running at just 40%-50% capacity last week, according to a Bloomberg Economics report. The following data track how much of the world’s second-largest economy remains out of action:

Read More on Time