Virus-hit European economies can breathe easier with China going back to work

People stand in line at the booth of French cosmetics maker L'Oreal during the second China International Import Expo in Shanghai, China Nov 6, 2019. The French cosmetic giant has gradually reopened its operation sites in China with strict precautions in place following the Covid-19 outbreak. - Reuters

BERLIN, March 15 (Xinhua) -- As the new virus is going on the rampage worldwide, the European continent has started to feel the toll the novel 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.