
Augsburg’s Professor of Economics Jeanne Boeh talks to WCCO about the economic impact of the Coronavirus outbreak in China.
Parts of Apple鈥檚 products are made in China, where聽many of the employees aren’t at work because of the outbreak, and that pushes back the production schedule.
鈥淐ompanies are already ramping up for next Christmas. And some of those prototypes and those kinds of things happen in China right now, and so if those don鈥檛 happen, that pushes back the schedule all the way until next Christmas,鈥 Boeh told WCCO. “Many workers in China are going without a paycheck right now, which will affect how much money they spend.”
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