The problems related to the coronavirus outbreak have grown worse. At the end of January, it became apparent that the coronavirus outbreak would have a major impact on the global economy. The restrictions imposed by the Chinese government to stem coronavirus were too stringent to think otherwise. Towards the end of February, it became increasingly clear that many other countries would have to prepare for a similar scenario. Only at this point did the financial markets begin to react to the risks that emerged.
After a sharp rise in the number of cases in Switzerland, public life has also increasingly ground to a halt here in recent days. This has heightened awareness of the crisis – whether because of confirmed cases in people’s own circle of friends or because of a clearer picture of the impact that the measures taken will specifically have on large and small companies and the self-employed.
There is no question that all of the measures taken are necessary to restrict human suffering from the disease. Many companies face difficult decisions in light of the steps taken. A fall in demand from abroad and domestically, disrupted supply and production chains, shop closures and prohibited services – the combination of these various factors make the situation difficult to cope with.