Largest Industrial Shutdown Since World War II Affects Europe and US

Industrial shutdown in China reverberated through supply chains earlier in the year, contributing to a potential global recession.

RIO  DE JANEIRO, BRAZIL - The economic impact of the growing coronavirus outbreak is starting to shift from service segments such as hotels and restaurants to industry on both sides of the Atlantic, leading to synchronized shutdown of heavy industry. For historians and experts, the shutdown is unlike any other since the 1940s.

US and European automakers have been shutting down plants in reaction to the crisis, in line with the industrial shutdown in China that reverberated through global supply chains earlier this year and contributed to a potential global recession.

It could also justify US President Donald Trump's statement . . .

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