Will corona virus results in economy down? | Candider
Will corona virus results in economy down?
29th Feb 2020 10:25 am
The following result is obtained by our Internet Research Algorithm:
Following are the consequences of coronavirus on the economy -
1.Employees from China as been deported back to their countries affects business related to China.
2. Stocks of companies who do business with China have shown a large fall.
3. China works a major part of the world economy, which is got to know after this coronavirus, so many countries are in talks to how not to let China become an economic hub in future.
4. Airlines and tourism business has hit hard. As many people from China communicate with the world and especially India.
5. Countries which sell products to China including India got a huge drawback.
6. World identified that China is a global economic power.
7. Goods supplied from China has been interrupted.
8. The demand for products also gets affected by this virus.
9. A huge amount of money is being spent on health and to cure & protect people from this virus.
10. No other major effect is been seen until now.