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Full report by Bo Huai, Zheng Liang Shuowen / North America
The first anniversary of the new corona virus devastated the world in December last year. After the new corona virus was discovered in Wuhan, Hubei province, China, it quickly spread to many countries around the world in early 2020, killing many people. Furthermore, the epidemic has had a devastating impact on all walks of life around the world. According to the analysis of German data from the global economy, the loss caused by the new corona virus can be conservatively estimated at 21 trillion US dollars and more than 600 trillion new Taiwan dollars, evaporating almost 50 trillion of the market value of TSMC.
After the new coronavirus was discovered in Wuhan, Hubei, China in December 2019, it quickly spread to many countries around the world in early 2020. To curb the spread of the virus, countries have adopted strict lockdown measures. . The Tokyo Olympics, which originally appeared in the summer, were not only postponed for a year, but an additional 200 billion yen, or about 55 billion Taiwanese dollars, was also spent on the postponement. And this epidemic has had a devastating impact on all walks of life around the world. According to the German data analysis STSTATISTA, a report published on November 20 speculated that the global economic loss caused by the new corona virus can be conservatively estimated at US $ 21 trillion and more than Taiwanese $ 600 trillion, which has evaporated the market value of almost 50 TSMC.
During the COVID-19 pandemic, empty streets became the new normal. Thousands of people were fired or forced to take leave without pay, stores were closed, public gatherings were banned, travel was restricted, and social distancing was required. December 2019 In May, a new type of coronavirus was discovered in the South China seafood market in Wuhan, Hubei Province, China. The virus soon spread to many countries around the world. To slow the spread of the virus, about a third of countries adopted different levels of Lockdown measures have profoundly affected the world economy. Some industries such as aviation, import-export tourism, major retail activities, restaurants and other non-essential services have been hit hard, according to a report released by German data analytics company STATISTA on November 20. It is noted that while it is not yet possible to determine how much the world economy has lost due to the new corona virus, economists generally agree that the epidemic has had a serious negative impact on the global economy and conservatively predict the amount of money that will cause the new corona virus in 2020. The global economic loss is as high as 21 trillion US dollars, more than 600 trillion New Taiwan dollars, which means that approximately the market value of 50 TSMC has evaporated after the pandemic.
The World Economic Outlook report issued by the International Monetary Fund on October 13 also noted that the global economic growth rate is expected to decline 4.4% in 2020, which is 2.6 times 1.7%. negative during the financial tsunami from 2008 to 2009, equivalent to the impact of the new corona virus epidemic. The damage to the world economy is far greater than the financial tsunami. Like the Tokyo Olympics originally scheduled for 2020, the epidemic had to be postponed. As a result, the Japanese government had to spend 200 billion yen, or about 55 billion Taiwanese dollars. TV Tokyo, For example, the cost of re-signing on site and staff costs are included in the additional funds. Postponement of major events has led to large additional expenses and several industries have been hit hard.
Take the aviation industry for example. Many airlines around the world are facing operational difficulties due to the sharp reduction in passengers due to the epidemic. A few days ago, British Airways auctioned thousands of items in various booths on the Internet, from champagne glasses to antique English porcelain, and there are even flight attendants, service carts and Air France’s plan to lay off more than 7,500 employees in the next three years. Cathay Pacific Airways announced in October that it will cut 8,500 jobs and carry out a corporate restructuring. South Korea Airlines and Asiana Airlines, in order to get 800 billion won of government subsidies, about 22.5 billion Taiwan dollars, decided to merge. According to statistics from travel data company CIRIUM, by October 2020, a total of 43 commercial airlines worldwide have collapsed. There may be more airline failures in the coming months.
The decrease in passengers has also caused amusement park attractions to face operational difficulties. Disneyland in the United States has announced that it will lay off 32,000 employees in 2021. J.CREW is the first major retailer in the United States to file for bankruptcy after the outbreak of the new corona epidemic. Successive closed stores have affected sales. Not only the aviation industry, but also the department store retail industry has suffered huge losses due to the epidemic. Even the century-old American department store chains JCPENNEY and SEARS and the boutique department store Niman Ma Coos was hit by the new corona virus and declared bankruptcy. Even Louis Vuitton and other boutiques have turned their perfume and cosmetic factories into disinfection hand soap. The new corona virus has changed people. His life has also reorganized all areas of life.
News source: China TV News
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