Economics
Europe Braces for Coronavirus Impact as Italian Infections Soar
- Italy aims to spend $4 billion on the crisis, minister says
- German carmakers foresee a dip in demand due to the disease
A woman walks by of a luxury shop in a near empty Galleria Vittorio Emanuele II in Milan on Feb. 29.
Photographer: Miguel Medina/AFP via Getty Images
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Europe braced for more fallout from the coronavirus on Sunday, as infections in Italy jumped 50% in a day, a dozen new cases were reported in the U.K. and the first infections broke out in the German financial capital of Frankfurt.