The deadly Corona Virus epidemic that is tormenting virtually every part of the World right now is affecting the economy of so many nations including China where the Virus was first detected.
A reliable report from IDC reveals that first half of 2020 will see a decline of 10.6% YoY, with the market likely to only make up ground in the second half with accelerated 5G efforts.
The outbreak is now affecting the Chinese economy and they are trying to recover from the shock. A lot of money has been spent by the Chinese Government to fight this virus but it seems a lot more has to be done because more people are infected.
IDC is calculating a multi-quarter growth for the industry in China as Chinese workers gradually return to factories amidst persisting transportation challenges.
Normally, February and March are the peak time of the year when some flagship models are launched but Corona virus disease has already affected the smartphone sector. With this in mind, IDC predicted that smartphone shipment will be affected this year and I guess you know what it will mean to manufactures, Loses.
Apart from smartphones, the virus is affecting other sectors as well. For instance, most public places such as schools, factories and markets has closed in China because of Corona Virus.
Symptoms of Corona virus include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties.
Below are countries with Corona virus cases right now.
- United Kingdom
- New Zealand
- Republic of Korea (South Korea)
- The Netherlands
- San Marino
- United Arab Emirates
- North Macedonia
- Sri Lanka
As you can see, as at today, 29 February, 2020. 54 countries has confirmed case(s) of Corona Virus. May God help us.