Economic Impact of COVID-19

Key Industries Compromised by Coronavirus in Wuhan

According to data by analysts BCA, industry locations found in Wuhan – the epicenter of the Chinese coronavirus outbreak – are heavily geared towards the automotive industries. The epidemic that has brought life and industry to a halt in many places in the country is expected to compromise economies around the world that depend on merchandise and industrial parts from China.

China is the biggest manufacturing hub in the world and its exports are ubiquitous. In Wuhan specifically, technology products and those important for the chemical and health care industries are also being produced. As a result of the disease, Chinese, Asian and global GDPs are expected to suffer.

Description

This chart shows key industries located in Wuhan, China, and surrounding areas.

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Estimated percentage point change in economic industries caused by the outbreak of coronavirus COVID-19 in China in 2020
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Shared of enterprises affected by the coronavirus COVID-19 outbreak inside and outside Hubei epidemic areas in China as of February, 2020
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What are the current economic consequences of the coronavirus (COVID-19) for your business in China?
Estimated percentage point change in economic sectors caused by global coronavirus COVID-19 pandemic in China in 2020
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Major industries expected by Chinese respondents to thrive after the coronavirus COVID-19 outbreak chosen in China as of February, 2020
Estimated trade impact of the coronavirus (COVID-19) epidemic on the automotive sector as of February 2020, by market (in million U.S. dollars)

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