The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus.
________________________ BUFFETTED: Air travel has come to almost a complete standstill and industry executives believe the industry could shrink.
The situation continues to worsen. — Billionaire Warren Buffet said over the weekend that he had unloaded his company's entire stake in major U.S.
airlines, believing he was mistaken in his valuation of the carriers. Shares of American, Delta and United Continental plunged between 13% and 14% Monday.