Businesses are bracing for a longer and steeper coronavirus-triggered downturn than the single-quarter event initially anticipated. The regions hit by the coronavirus are experiencing a double whammy. Business operations across Asia, Europe and the U.S. are being disrupted by factory closures, quarantined workers and shortages of components, crimping the availability of goods and services—a so-called supply shock. Meanwhile, postponed public events and mounting fear are causing consumers and businesses to hold back, avoiding...

Source: Wall Street Journal March 10, 2020 15:45 UTC