Coronavirus and Business – level 2

04-03-2020 07:00

The past week was very bad for the markets. The New York Stock Exchange saw a big fall; it was the worst fall since the global financial crisis in 2008. This happened in the US, Japan, Italy, and Germany.

Experts say that the main reason is the coronavirus. It has a negative impact on business, shopping centers, and tourism. On Friday, the World Health Organization said that the risk of the virus is extremely high. It is a problem for all of the world.

There are more than 83,000 people ill in the world; most of them are in China. However, the US government said that the risk to people in the US is low.

Difficult words: market (a place where business happens), The New York Stock Exchange (a place in New York where big companies do business), negative impact (a bad effect, something that makes bad things happen).

You can watch the original video in the Level 3 section.

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