South Korean soldiers spray disinfectant at the international airport in Daegu, South Korea, March 2020
Kim Kyung-Hoon / Reuters

As the new coronavirus spreads around the world, causing markets to plunge and analysts to slash growth projections, the epidemic’s potential to damage the global economy is rapidly becoming clear. The regions in China that have been hardest hit by the virus, which originated in Hubei Province late last year, are home to millions of businesses that in turn supply an estimated 56,000 multinational companies. Already, many of these multinationals are experiencing disruptions in their supply chains, as vital manufacturing components from China are delayed. The effects will likely reach tech giants, pharmaceutical companies, heavy manufacturers, and other industries as

Finish reading this article for free.

Enter your email and we'll send a paywall-free link directly to your inbox.

In addition to your unlocked article, you will receive our flagship weekly newsletter Foreign Affairs This Week, as well as occasional updates and offers from Foreign Affairs. You can unsubscribe at any time. For more information, visit our user agreement and privacy policy.


Get unlimited access to all Foreign Affairs. Subscribe now.

Are you already a subscriber? Sign in.