Work resumption in China raises hope for virus-hit European economies

People recovered from coronavirus preparing to leave the rehabilitation center after a 14-day quarantine for medical observation in Wuhan in central China's Hubei province. The province at the centre of China's virus outbreak is allowing factories and some other businesses to reopen in a new sign Beijing believes the outbreak that devastated its economy is being brought under control. - Xinhua/ANN

BEIJING/BERLIN: As the new virus is going on the rampage worldwide, the European continent has started to feel the toll the nCovid-19 (coronavirus) has taken on its economy.

In major economies such as Germany, France, Britain and Italy, economic outlook seems to have become grim as people fear for disruptions in supply chains and volatility in markets.