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The Economic Consequences of the Coronavirus

The Chinese government's measures to tackle the coronavirus epidemic are handicapping the country’s economy and disrupting supply chains and tourism across Asia. Sharing information with the public may be more effective in containing the outbreak than draconian restrictions on freedom of movement – and less economically damaging.

TOKYO – Since a new type of coronavirus was reported in Wuhan, China, last December, the number of people infected worldwide has soared to over 44,000, and the death toll now exceeds 1,100. The virus is spreading across Asia – including to Japan, South Korea, Singapore, Thailand, Vietnam, and Malaysia – and also to countries in Europe and North America, although only one death has been reported outside China so far.

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