COVID-19 effects on top 5 sectors

By Kavi | Kavya | 9 Apr 2020


Corona virus is not soon going to be end as how scientist in the world saying. i am not here to spread false news but what actually happening you can feel yourself by different source of information. there are 5 top most industry which directly affected by this pandemic and resulted big loss for the economy also responsible for unemployment .

1. Tourism : Just go to Posh area in your city and you see the word "tourism" has badly out of your city at this time i mean to say tourism sector which contribute major role in economy for most countries has been invisible . this is the most affected  industry around the world which shut most of the big hotels and restaurant in the countries which directly impacted on employment  and taxation . as per New York times , the company which is directly or indirectly  linked with service sector ,has started cut off their staffing also sent them on no pay leave . some intellectual person saying that this is just start and is not going to recover this industry soon.  

2. Aviation :  presently we all of us sitting at home and dreaming to travel USA, AUSTRALIA, ITALY, FRANCE ,INDIA but you can not because its totally lockdown and this is directly going to shake labour , supply chain, economy , growth . after studying every country leaders statement ,concluded that they are not in plan to start airlines internationally. As per Singapore govt. press release, changi airport Singapore has taken first step to close its terminal 2 for next 18 months which shows the intention of current political leaders .

3. Textile : India , Bangladesh , Turkey , Italy, Germany , China  are all top countries to export textile globally but due to this pandemic , the demand has gone down and also many barriers they have to face in terms to supply chain. 

4. Real Estate : My uncle built big house and wanted to sell at good market price but the sudden pandemic not letting any customer who can buy it . the meaning is so clear that there are so many houses, flats, condominium , bungalow, villa , hotels , restaurant already constructed but in lack of customers ,all are being pended  and this sector struggling at this time to prove its existence . 

5. Automobile :  Oil are cheapest at this time but there is no use if you can not drive the cars on the road  as because of this critical time . govt. has almost totally shut down transportation in some major countries just to not spread this corona virus. this time is very crucial for automobile industry and they record lowest sales in first quarter of this year . 

 

This is very alarming for the world ,if this pandemic situation not handled on time then the worst cases expected to be seen . 

 

 

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Kavi
Kavi

Chief mentor of 'skill2up.in' and blogging is my passion.


Kavya
Kavya

Hello everyone i am kavya and i love to travel and writing essay, reports and blog.

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