Novel COVID-19 Coronavirus induces respiratory illness. Its symptoms are very similar to the SARS as well as common cold and manifest as mild fever, continuous coughing, throat problem, and breathing problem. It can spread from a Novel COVID-19 Coronavirus infected to a healthy person or from person to person, but a good hygienic habit can prevent its spread.
China is the manufacturer of all the major industries of the world. Wuhan is one of the important cities of China that contributed in a major way to production. It also has a world-class WHO lab located on its outskirts. It was manufacturing various vaccines for WHO. A few doctors who made a video regarding this deadly disease that had its origin in Wuhan were put behind bars by the Chinese regime.
It was then spread that it was all a lie and nothing fatal was spreading in the city. But after February reports started coming out from the Wuhan city of a deadly disease, capable of killing anyone who comes into contact with the disease-infected person. After some time the Chinese government confirmed that the disease was an epidemic and was termed as Novel COVID-19 or Coronavirus. It was then found many people were infected with the deadly Novel COVID-19 or Coronavirus. This made the city administration of Wuhan to release guidelines to its residents to stay inside their houses and quarantine themselves. In less than a month, 400 cases were reported and as many deaths were confirmed.
The origins was initially speculated to the eating of bat meat from Wuhan meat market but later on, it came to light that it was the result of a leak of the experiment in WHO lab in the outskirts of Wuhan.
Coronavirus impact on economy
This led to the complete shutdown of the city and the factories started getting shut down. With this, the global economy is getting started getting affected. Coronavirus is a novel disease meaning its true nature; diagnosis and treatment are unknown to the medical department of the world. So this is the primary reason for the issuance of the biggest quarantine by a country in history. Almost 4 million people were shut down in their homes and were made to quarantine.
Since factory workers are from different provinces of China, it is assumed that the proportion of spreading the Novel COVID-19 or Coronavirus could be huge. Owing to its nature, the factories are shut, logistics are shut, movie halls are shut, markets are shut, and transportation is shut – all being important for the economy. So the Coronavirus impact on economy of China during these two months has been quite bad.
Since China is not only the backbone of global manufacturing and exports of goods it also supplies all the items needed for input in industries across the world. in other words many critical parts for various industrial activities have been produced by Chinese companies. And given the restriction on logistics, manufacturing, and movement of people in China, the global industries will be facing a lot of problems directly or indirectly. Until now the stock inventories of industries across the world have been able to maintain the output, but in a few more months the effect of Novel COVID-19 or Coronavirus will start to be seen.
And the worst affected will be the World’s value chain that will certainly affect the various industries across the world. And in particular, the automobile sector has been badly hit by the Novel COVID-19 or Coronavirus. The Coronavirus impact on economy may take some time to manifest, but the coronavirus death rate is quite alarming.
Novel COVID-19 Coronavirus death rate
It may be noted that up to the current week a total of 80,000 thousand deaths has been reported from China alone. The virus has been fatal to old people and children with weak immunity as it easily destroys the immunity and binds itself to the body cells and starts destroying organs starting from the lungs. To deal with the overwhelming Novel COVID-19 or Coronavirus cases, China built a massive hospital within 20 to 30 days. But in reality, this hospital lacked basic testing kits and was only supplying oxygen to the patients. Many eyewitness accounts tell that as soon as the Novel COVID-19 or Coronavirus affected patients reaching the third level they were forcefully cremated even though they were alive. The coronavirus death rate has been alarmingly high until now. Almost 500 people have been reportedly killed by the Novel COVID-19 or Coronavirus. 90 cases of deaths have been reported from India. Italy has been completely locked down because of deaths related to Coronavirus. Many countries have banned visitors from European and Chinese provinces. WHO has recently declared it as a pandemic that needs to be tackled in a globalized manner and every case has to be isolated and quarantined. The death rate may be the fastest one in this case, but it’s only one of the coronavirus effects.
Novel COVID-19 or Coronavirus business impact
Thus, the business that is primarily based on spending by people has been affected badly. When nobody goes to movie theaters – the cinema industry is getting affected. When the markets are closed, there is no buying or selling – no business taking place. The companies in China have stopped manufacturing so the logistics industry has got affected badly. People are not coming out so it has affected the tourism industry as well. All these factors affect business badly. It has led to a depreciation of around 1 percent decline in economic growth all across the world.
Novel COVID-19 or Coronavirus case in India
India has also its share of patients affected by Novel COVID-19 or Coronavirus. Over 80 patients have been found affected with Novel COVID-19 or Coronavirus in Maharashtra alone. There have been many cases reported across India affected by Novel COVID-19 or Coronavirus. Given this, the Indian government has issued certain instructions regarding Novel COVID-19 or Coronavirus vide print, electronic and social media. Kerala has employed its jailed convicts to manufacture masks in large numbers.
Up till now thousands of suspected cases of Novel COVID-19 or Coronavirus have been sent for diagnosis out of which 119 cases have turned to be affected with Novel COVID-19 or Coronavirus. A travel advisory has been issued and no fight is being allowed from the EU, Turkey and the UK. Thus, Novel COVID-19 or Coronavirus case in India is not that worrisome, but the Indian government is taking all precautions to contain the spread of the disease. Thus we can see Novel COVID-19 or Coronavirus related pandemic is not yet exhibiting fully in India and its effect is yet to be seen. The coronavirus death rate may be alarming in European countries, but the reported and death regarding coronavirus case in India is still within controllable limits.
Now let us discuss the various effects of Novel COVID-19 Coronavirus on the world:
- Fear psychosis: people have started to live in fear that they are no longer safe amongst large crowds.
- Tourism industry: the Novel COVID-19 or Coronavirus has adversely affected this industry as people are afraid to go to new places and get contracted with the disease.
- Logistics: due to the shutdown of factories and travel ban in effect, the whole industry is badly affected.
- Cinema industry: people are staying indoors, which means it is affecting the turnout and collections of newly released movies.
- Education: due to the Novel COVID-19 coronavirus many colleges and schools have been shut down leading to loss of studies and bad impact on their careers.
- Carbon dioxide emissions: one positive impact of Novel COVID-19 or Coronavirus is that the level of co2 has decreased to a small extent.
The above are some of the coronavirus effects but the coronavirus death rate, coronavirus business impact and coronavirus impact on economy is yet to be fully studied as it’s effect is still in the starting phase.,
Final word: Is the effect on the economy clear?
Although the Novel COVID-19 coronavirus is deadly, good hygiene can prevent its spread. It belongs to the SARS family of viruses that induces major problems in the respiratory system. The only way to stop its spread is to impose self-isolation and get one self-tested on the slightest of a hint of fever, cold cough and breathing problems. Let’s be safe and make others safe too.
There is a bit of uncertainty regarding the effects Novel COVID-19 on Chinese industrial production capacity, all the stats point to major downgrade ode of industrial outputs. only in the coming months will the exact effects of Novel COVID-19 Coronavirus be seen not only on the economy of china but also on economies of other countries.
Credit: Khalid Ahmed