Business Communication Affected by Coronavirus

Running Head: BUSINESS COMMUNICATION
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Business Communication
(Student Name)

BUSINESS COMMUNICATION 1
Table of Contents
Introduction......................................................................................................................................2
Findings...........................................................................................................................................2
Conclusion.......................................................................................................................................3
Bibliography....................................................................................................................................4

BUSINESS COMMUNICATION 2
Introduction
Coronavirus is one of the viruses that cause illness from the common cold to more severe disease
which include Severe Acute Respiratory Syndrome, Middle East Respiratory Syndrome. Its
outbreak have great impact over the world’s economy to the certain extent (Organziation).
In the following part there will be detailed analysis of impact of coronavirus on the economy of
all over the world that can affect their GDP or revenue of the country to the certain extent.
Findings
While major companies give market warnings, and China has reported the toll on its
development industry, this week the increased costs of the epidemic of coronaviruses are likely
to be clearer for enterprises and the world economy. In February, a fresh overview of industrial
activity in the second biggest economy in the world will be released, as a quarantine effort to
stop the outbreak from crippling supply chains, which will have devastating consequences for
businesses around the globe (Partington).
The world is hysterically high above an uprising in China with global markets responding
fervently to the effect of the world's second largest economy and largest trading partner of the
UAE on economic growth. Locally, business conditions in the UAE have deteriorated in more
than a 10-year period for the first time as the epidemic causes more disruptions in the trade and
tourism of the Gulf. Burnard emphasizes China as the top exporter of clothes and textiles and its
essential role in the global supply chain, as the main expenditure on international tourism. He has
predicted that the global impact from this latest epidemic could touch three to four times as much
as the SARS blast of 40 billion dollar in 2003 by Warwick McKibbin, professor of economics at
Australian National University. According to IHS Markit, business conditions worsened in
January in the UAE, which is the second largest Arab economy. He adds that the country's
Purchasing Manager Index showing a statistical measure of improvement in the nation's non-oil
private sector decreased to 49.3, dropping from a threshold of fifty that differentiates between
growths. Burnard anticipates that leisure, travel, luxury shopping and building are the UAE
sectors that will suffer the worst (AMEinfo Staff).