The state of affairs stays worrisome as a result of coronavirus epidemic (COVID-19). The virus has been knocked in all international locations world wide. For the prevention of this virus, the drug vaccine has not been revealed in the intervening time. To stop the unfold of Coronavirus, all international locations are at the moment interesting to their residents for social misery and plenty of cities have been locked. After the lockdown of cities, worldwide operations have come to a standstill, because of which circumstances like financial downturn have began.
Due to the Coronavirus lockdown, giant firms are starting to be uncovered to giant scale financial losses. <! –
The world's main tech firms Google and Facebook alone are anticipated to undergo a lack of $ 44 billion. According to a report by Global Investment Bank and monetary companies supplier firm Cowen & Company, search engine firm Google is prone to undergo main losses within the 12 months 2020 because of Coronavirus.
According to the report, in 2020, Google's revenue was estimated at $ 127.5 billion, which may now come all the way down to $ 28.6 billion. According to the report, Facebook was anticipated to make a revenue of $ 67.eight billion from the commercial this 12 months, however within the present state of affairs there are indicators of a lower of about $ 16 billion. the identical. Micro social media website Twitter's earnings might decline by 18 p.c because of Coronavirus.
So far, round 486,592 individuals world wide have come below the grip of coronavirus an infection. With this, the worldwide demise toll has reached 22,020. At the identical time, in India, there are about 649 individuals within the grip of this illness and 13 individuals have died. The state of affairs in Italy, Spain, Germany and Iran stays very worrying after the state of affairs in China is out of concern.