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Wall Street Journal (March 18)

2020/ 03/ 20 by jd in Global News

“The coronavirus pandemic is devastating global travel, causing business to evaporate and forcing companies to slash payroll in what’s shaping up to be the biggest test the modern travel industry has ever faced.” Travel bans today’s other issues are different from the financial crisis. They “can’t be overcome with cheaper fares or clever marketing.” Moreover, “the crisis could permanently reshape attitudes toward travel, fundamentally changing the landscape for hotels, airlines and cruise companies, and the millions of smaller businesses that make up the industry.”

 

New York Times (March 17)

2020/ 03/ 20 by jd in Global News

The U.S. economy is shutting down “as pandemic measures take hold. The fast-spreading virus has put an end to movies, date nights and other economic activity, prompting some economists to call a U.S. recession.” By Monday, “it was clear everywhere that most of the American economy was grinding to an unparalleled halt and would remain that way for months.”

 

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