This year has seen one of the worst financial crises since 1929, the Wall Street Crash. The economy has seen a rough start to 2020, with thanks to COVID-19 causing mass disruption for manufacturers globally and over 437,000 deaths within seven months. Same as all major industries, the electronics sector has been substantially affected by the virus in all divisions including events, manufacturing, supply chain and staffing. With COVID-19 grinding spending and production to halt, official data shows that China’s economy suffered a sharp decline of 6.8% in the first quarter of 2020, according to Business Leader. However, from this date onwards, the global economy looks as if it is starting to bounce back – along with the electronics industry.
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