Socio-Economic Impacts of Coronavirus - Fear of The Unknown

 



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Source: Yahoo Finance


The bigger problem with social distancing is people are not going out as they’re trying to avoid contagion. For example, people are staying away from restaurants, sports stadiums, or anywhere with a large crowd gathering amid the coronavirus outbreak. As a result, Sporting events and church services are paused around the world.

Coronavirus is having a devastating impact on restaurants across the country. Below is a chart showing how much business has dropped in March. A lot of the restaurants are either closed or went out of business already. Many of them are small businesses. And their workers are losing their jobs and health care benefits. As more and more states ban dining in for the next few weeks, things are expected to get worse. The future looks grim for many of the small businesses around the world. Read More...

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