Economic impact of virus snowballs

As financial markets dived again, repercussions from the virus also rattled livelihoods in the real economy.

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March 6, 2020 - 2:37 PM

Photo by Lisa DeJong/The Cleveland Plain Dealer

BANGKOK (AP) — Crossing more borders, the new coronavirus hit a milestone Friday, infecting more than 100,000 people worldwide as it wove itself deeper into the daily lives of millions, infecting the powerful, the unprotected poor and vast masses in between.

The virus, which has killed more than 3,400 people, edged into more U.S. states, emerged in at least four new countries and even breached the halls of the Vatican. It forced mosques in Iran and beyond to halt weekly Muslim prayers, blocked pilgrims from Jesus’ birthplace in Bethlehem and upended Japan’s plans for the Olympic torch parade.

As financial markets dived again, repercussions from the virus also rattled livelihoods in the real economy. 

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