Coronavirus and Its Impact on Technology

Many of us have been hearing about the outbreak of the coronavirus. Since it originated in China, many people have had a hard time traveling since the problem started. Many analysts and leaders are telling us that it is only a matter of time before the virus makes its way to America. It could leave some sort of stain on our economy and national health.
The economy is already struggling as the virus grows stronger globally. This week in particular has been one of the worst since the 2008 financial crisis, with the Dow Futures dropping somewhere between 300 and 1,000 points all week. But, the Coronavirus could also have a huge impact on many of our lives technologically. 
In 2016, the Chinese government spent nearly $71 Billion on technological advancements. It is estimated that about 6% of US consumer spending goes to goods produced in China. Clearly, a large portion of our technology products are produced or conceived in China. But, many manufacturers and technology repair services are already feeling the heat from the corona outbreak.
With the virus becoming more of a threat, more companies and factories in China are shutting down production until the virus slows down or dies down. So, the distribution pipeline and production efficiency of many manufacturers or repairmen in America are seriously fading. This has the potential to affect many facets of our technological lives.
Conclusion:

By the end of this year, I would obviously hope that the virus slows down or ends. But, until it does, technology markets all over the world will feel the impact of China’s slowed production due to the outbreak. Consumers will start to be impacted as the virus begins invading different parts of our lives. The government needs to find a way to prevent it from actually coming to America, but until then, consumers and civilians will already be hurt by it. This issue with China will seriously decrease our ability to innovate and create new technology. I just hope the issue can be resolved soon enough.

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