Home / news / corona virus

corona virus could truncate upto 0.3% of global GDP

Author
Saatvik Tripathi
Published
3 years ago

The outburst of corona virus in China has affected almost every sector of the world. This epidemic has killed more than 2,200 people and has affected more than 80,000 people.

China is known to be the biggest manufacturing hub, but due to outburst of corona other countries have placed severe restriction on travel, imports and exports, resulting in broken global supply chain, and smart phones aren’t exceptions here.

Asian manufacturers use 75% Chinese parts for TVs and almost 85% Chinese parts for smart phones, pinning their hopes on Chinese supplies. Broken supply chain has already shown its impact on pricing of these commodities and is believed to get even worse as, situation doesn’t seem to be coming under control anytime soon.

Many global companies have already abrogated their operations in China in the wake of the epidemic and economists have estimated that the virus outbreak could truncate global GDP by almost 0.3%.

Related
realme

Lava Blaze Nxt is on the floor!

6 months ago

realme

Infinix Zero 5G 2023 tacitly enters the market with a 5000 mAh battery.

6 months ago

realme

Chinese companies will not be able to make smartphones under Rs 12,000.

9 months ago

Trending
realme

Samsung Launched Galaxy A34 and A54, Get Full Details

2 months ago

realme

POCO C50: New Bang on New Year!

5 months ago

realme

Lava Blaze Nxt is on the floor!

6 months ago