Economical Time

How the Recent Market Volatility Is Impacting ETFs

via “Bloomberg Markets and Finance” channel on YouTube

The Brazil Tech And Innovation Roundup - Coronavirus Impacts The Consumer Tech Market 

The market for consumer electronics in Brazil will soon start feeling the impact of the spread of the coronavirus. The country imports about 80% of the components needed to assemble products like smartphones and PCs from Asian countries like China, according to the Brazilian Association of the Electrical and Electronic Industry (Abinee).

Abinee has conducted three surveys in 2020 with its members on the impact of coronavirus on operations and about 70% have reported issues around receiving imported components, such as screens and semiconductors. For the first time, Abinee members now say they may not be able to deliver products to their customers if the current situation continues for another month and a half.

According to analyst firm IDC, the forecast for the Brazilian device market for 2020 is currently of about 1-2% growth, but things can change very fast. With the worsening issues around supplying products and consumer demand drops drastically due to measures such as isolation of large urban centers, there could be a market retraction of up to two digits.

The analyst firm noted that the dollar hike in relation to the Brazilian real, in addition to the reduction in incentives for local manufacturing, has prompted an increase in production costs of about 20-30%. According to IDC, it is inevitable that the cost increase will soon translate into higher prices to the consumer.

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Cramer’s game plan for the trading week of March 16

via “CNBC Television” channel on YouTube

Just stay away from them 🙌