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Economic Fallout of Virus Outbreak Looming Large

Economic enterprises, including restaurants, cafes, teahouses, companies offering travel services and cultural centers like cinemas and theaters, have been the first to suffer business fallouts from the outbreak
Economic Fallout of Virus Outbreak Looming LargeEconomic Fallout of Virus Outbreak Looming Large

The coronavirus disease (COVID-19) that was first identified in Wuhan, China on December 31, 2019, has finally reached Iran and the first cases were officially reported on February 19th. 

In addition to the tragic human cost, the coronavirus disease (COVID-19) is feared to cause serious economic damage to Iran’s already-enfeebled economy. 
Economic enterprises, including restaurants, cafes, teahouses, companies offering travel services and cultural centers like cinemas and theaters have been the first to suffer business fallouts from the outbreak, the Persian-language daily Shahrvand reported.
First identified in Wuhan, China, on Dec. 31, 2019, the virus has finally reached Iran and the first cases were officially reported on Feb. 19. 

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