Coronavirus outbreak weakens Italy's economy, tourism drops as total cases surpass 3,000

Italy has emerged as focal point for coronavirus outbreak in Europe. As per reports, Italy is region's weakest ecomy, and things have t been me better with recent viral outbreak. Due to fears of rapidly spreing coronavirus, tourists have stopped visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design. 

Fear of virus preventing travel

According to reports, Italy might be Europe's third-largest ecomy but it has long been amongst slowest growing in region. Italy has amassed largest number of virus infection outside Asia. All towns in country's rth have been quarantined, rth of country is heart of Italy's manufacturing and financial industries. 

Airlines have also cut back on flights going to Italy, meaning millions of fewer tourists and traveller that can result in a loss for hotels, restaurants, tourist sites and many ors amounting in billions, as per reports. turmoil threatens to send Italy back into a recession and weigh heavily on entirety of Europe as even tre-focused countries like Germany, France and Britain battling a global disruption in supply chain.

Re: India And Italy Join Hands For Positive Bilateral & Global nda Amid Coronavirus Scare

Re: Inter Milan Donate €100,000 For Coronavirus Research As Italy Reels Under Fear

Reports indicate that tourism officials expect 32 million fewer foreign visitors and a loss of 7.4 billion euros ($8.1 billion). Many in tourism industry are blaming virus cover by media. People like Luca Patane, president of tourism association Confturismo-Confcommercio believe that media cover of virus has been much more lethal than virus itself.

dely coronavirus that began in China's Wuhan province has been officially named COVID-19 by World Health Organisation. While majority of reported cases are still present in mainland China, virus has spre to multiple countries around world and infected 103,817 people worldwide. death toll from virus stands at 3,522 world wide.

Re: Coronavirus: Indonesia Bans Entry Of Foreign Visitors From Iran, Italy And South Korea

Re: Coronavirus In Italy: England's Six Nations Championship Game Against Italy Postponed