Don’t travel to northern Italy now if you can. The economy around the world understands the impact of the Chinese coronavirus; mainly tourism has declined.
The economy around the world understands the impact of the Chinese coronavirus; mainly tourism decreased, but production also declined, said Gergely Salát, a Chinese researcher, on the M1 current channel on Saturday night.
He explained that the workers who returned home during the Lunar New Year - there are approximately 400 million of them - should have resumed work in the factories two weeks ago, but this did not happen due to the illness. Since foreign companies also maintain factories in China, the drop in production affects them as well, he added, indicating that the problem does not stop at China's borders.
Long-term effects could also include a drop in investor confidence, which could hit China hard
As the Chinese urban middle class is actually "under house arrest", local consumption has also fallen, restaurants and shops are empty, he said.
"If this infection is over within a few weeks or months, then, just like during the SARS epidemic in 2003, there will be a short-term downturn, but then the economy will bounce back immediately, and economic operators will bring in the lost production, and the lost consumption," he said, adding that if the virus persists for a long time or turns into a global epidemic, it will have long-term effects on the economy.
According to the researcher, this year's economic prospects in China have also deteriorated: instead of the planned 5-6 percent, growth of only 4.5 percent is predicted, which is considered a serious downturn there.
Due to the coronavirus epidemic, we recommend that those planning a trip to Northern Italy make a decision about the visit only after careful consideration, Tamás Menczer, the State Secretary responsible for information and the international presentation of Hungary at the Ministry of Foreign Affairs and Trade, told MTI on Sunday. The secretary of state later published emergency telephone numbers in Milan and Rome on his Facebook page.
The state secretary drew attention to the health risk, and to the fact that if the Italian authorities deem it justified to extend the quarantine, then those who are in the given settlement cannot leave the quarantine area until it is lifted.
The ministry asks those staying in Italy to follow the information and warnings of the local authorities and follow their instructions.
The KKM constantly monitors the events and provides information on all necessary measures, Tamás Menczer said.
The State Secretary later wrote on his Facebook page: their colleagues in Milan and Rome are ready to help if a Hungarian citizen is in trouble in Italy. In Milan, +39 3396219517, and in Rome +39 348 800 8159, calls are accepted if someone is really in trouble.
Tamás Menczer emphasized: it is good news that they have not received any calls for help regarding the coronavirus so far.
In the northern Italian province of Lombardy, the number of people infected with the new coronavirus has risen to 90, Giulio Gallera, the welfare officer of the province, said on the SkyTg24 news channel on Sunday. With the new infections identified in the northern Italian province, the number of coronavirus cases nationwide has risen to over 130, the Italian Civil Defense announced. Not only in Lombardy, but also in the other focal point of the infection, the Veneto province, the number of patients has increased from the previous 17 to 24, 9 in Emilia Romagna, 6 in Piedmont, and 2 in Lazio. He told MTI
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