Epidemic coronavirus gaining momentum. Most Russian cities already have the first infected. People worry about their health, and this is natural. However, not only citizens of the Russian Federation are at risk, but also the Russian economy. The joke is already circulating on the Internet that you can't put on a mask.
However, this trend can be traced not only in Russia, but all over the world. Forecasts are disappointing: world GDP growth is 1.5%, instead of 2.9% (this figure was announced before the epidemic began). While there is no need to look far, some companies are already suffering large losses. Below are the top 5 industries that have been hit hard by the coronavirus.
Production
It is difficult to talk about specific figures here, but most of the enterprises still encountered difficulties. The work is stopped due to the lack of parts and components. They are ordered in China, but deliveries are postponed indefinitely. Some of them can be purchased in Russia, but this leads to higher prices. You have to work at a loss, just so as not to let your clients down. The owners of the companies cannot make claims against the Chinese partners, but the customers require the fulfillment of the terms of the contract.
Representatives of the Forbes magazine talked about this with the owners of the companies. The Russian developer of processors Baikal Electronics, the manufacturer of telecommunications equipment T8, the largest manufacturer of radio electronics GK Mikron - none of them began to deny that there is a problem. How many such organizations are there in Russia?
Deadlines are burning, contracts are not being fulfilled, but there is hope. On March 16, over 90% of Chinese manufacturers returned to work.
Air transportation
Over the past 1.5 months, Russian airlines have suffered significant losses. At first, flights to China, South Korea and Iran were limited. Flights to EU countries have been banned since March 16. Only charter flights to European capitals will be carried out, their task is to ensure the return of Russian citizens to their homeland. Airline officials say there are almost no international flights left. Turkey, Montenegro, Kazakhstan, Armenia, Kyrgyzstan, Uzbekistan, UAE, Tajikistan - though there are not so many who want to fly there. Attempts to solve the problem with the help of domestic flights (within Russia) were also unsuccessful. People are afraid to leave, prefer to stay at home.
The experts of the consulting company "Bain & Company" have named approximate figures. They predict that by the fall of 2020, Russian air carriers will lose 360 billion rubles, in which case their direct losses will amount to 180-215 billion rubles.
Airlines around the world are preparing for the crisis, some of them have already declared themselves bankrupt. Russian air carriers are holding on.
Tourism
The outbreak of the coronavirus has had a huge impact on the tourism industry. The World Travel and Tourism Council said 50 million jobs in the sector are at risk of being cut.
Closing borders, restricting movement - tour operators suffer losses. At the end of February, the Association of Tour Operators of Russia assessed the risks, and a figure of 27 billion rubles was named.Of course, it is increasing every day, but so far there is no exact data. About 15 thousand tourists canceled travel requests from March to May, which is more than 500 million rubles.
There is nothing surprising here. The border is closed, air travel is suspended. In 2019, 1.5 million tourists from China visited Russia. It was planned that in 2020 this figure will increase by 10%, but no. If the situation does not change by the summer, then the amount of losses will amount to 30 billion rubles, and only Chinese tourists are taken into account. Now companies only have to calculate how much they will lose.
Russians who have already bought vouchers are trying to get them back. Tour operators have no other choice, they have no right to refuse a refund. But the process is being delayed, since all this is done through the courts. Unsuccessful tourists worry, because they are left without money and without rest.
Hotel business
Tourism and hospitality are interconnected. There is no influx of tourists in the country, hotels and hostels are empty. Large Russian cities already suffer from a shortage of clients from Asia and Europe. This problem is acutely indicated in the Far East, where guests from neighboring countries, including China, regularly came. Hotels are closed, hotels, staff are sent on unpaid leave. There is hope for an influx of tourists from other Russian cities, but it is also illusory. At least for now, travel, even within the borders of their own country, is the last thing people think about now. Of course, there are daredevils who hope for the Russian "maybe", but there are not many of them.
Hotel and hotel owners are hoping that the situation will change by summer. Places have already been booked for the summer period, including by tourists from other countries. Reservations are canceled, but so far these cases are rare.
Entertainment sphere
It is logical to assume that entertainment is not in great demand now. For fear of getting infected, people refuse to visit public places. Museums, theaters, developmental and play centers - a decrease in the number of visitors was noted everywhere. Even the Paramount film studio and the ubiquitous Disney with their amusement parks have already learned how negative the impact of the coronavirus is, let alone Russian companies.
Cinemas are suffering the most, and there are far fewer people willing to watch a movie on the big screen. Now people are enjoying their favorite movies at home. If you are one of them, we recommend that you pay attention to the selection the best films of all time.
Russian stars cancel concerts abroad. “Bi-2”, Yuri Shatunov and Max Barskikh will not go to the Czech Republic and Germany. "Splin" transfers concerts in Cyprus and Israel. Many domestic performers refuse concerts altogether until the situation with the coronavirus is resolved. They do not even agree to go to a neighboring city, health is more important for them than money. However, they will not have to risk it, in most regions of Russia all public events have been canceled by the government.
Who is more fortunate?
It is not surprising that during the epidemic of the disease, the revenue of pharmacies increased significantly. There are no antiseptics or gauze bandages on sale for a long time. A much stranger phenomenon is the increase in sales in grocery stores. Sugar, flour, cereals, canned food, household chemicals - that's what buyers are interested in. Even the most stale goods have been sold. Online shopping has grown in popularity, some of which are forced to hire new employees to handle the huge volume of orders. Although everything is clear here, people are scared, so they are trying to protect themselves, to create the illusion of control over the situation.