The coronavirus has made significant impacts on the global economy as restrictions on things like travel have increased in an attempt to mitigate the spread of the virus.
Businesses are starting to spend less on advertising as a result of the economic impacts.
Emilie Stevens, an analyst at Hargreaves Lansdown PLC, says “Falls in ad spending is a sign that companies are finding things tougher. It’s one of the first types of spending to go when companies need to cut back.”