Economic impact of coronavirus outbreak deepens

New data to show steep fall in Chinese factory output as outbreak in Italy ramps up eurozone fears

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The rising cost of the coronavirus outbreak for business and the world economy is expected to become clearer this week as major firms issue trading updates and China reports the toll on its manufacturing sector.

The latest snapshot of industrial activity in the world's second largest economy, due to be published this week, is expected to reveal a plunge in Chinese factory output in February as quarantine efforts to contain the disease disrupted supply chains - with damaging consequences for companies around the world.